Sinopec’s preliminary LNG deal with TotalEnergies likely at 12% oil slope or lower

Chinese state-owned Sinopec’s heads of agreement with TotalEnergies for the supply of LNG is likely being discussed at a price of around 12% crude oil slope or lower amid current market conditions, sources told S&P Global Commodity Insights. The HOA signed on Nov. 4 allows France’s TotalEnergies to supply 2 million mt/year of LNG to Sinopec for 15 years, starting…Chinese state-owned Sinopec’s heads of agreement with TotalEnergies for the supply of LNG is likely being discussed at a price of around 12% crude oil slope or lower amid current market conditions, sources told S&P Global Commodity Insights. The HOA signed on Nov. 4 allows France’s TotalEnergies to supply 2 million mt/year of LNG to Sinopec for 15 years, starting…Read More