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What will be the outcome of Sinopec's strategy to secure long-term energy supplies by 2030?
2
Resolution / Starting Odds
Successful with increased supply security • 25%
Partially successful with moderate supply security • 25%
Unsuccessful with no significant improvement • 25%
Other • 25%
Analyst reports or official Sinopec strategic reviews
Story
Sinopec Signs 15-Year LNG Deal with TotalEnergies for 2 Million Tons Annually Starting in 2028
Nov 4, 2024, 10:38 AM
China's Sinopec has entered into a long-term agreement with TotalEnergies for the supply of liquefied natural gas (LNG). The deal, which spans 15 years, will see TotalEnergies supply up to 2 million tons of LNG annually to Sinopec starting in 2028. This agreement is part of China's broader strategy to secure long-term energy supplies amid uncertain future demand. The partnership highlights the ongoing collaboration between Chinese and French energy firms as they navigate the global energy landscape.
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