Commodities & Energy

Reuters exclusively reports Sinopec reviewing gas deal with Cheniere

Reuters exclusively reports Sinopec reviewing gas deal with Cheniere

Reuters reported exclusively that China’s Sinopec, expected to be the next major Chinese buyer of U.S. liquefied natural gas (LNG), is planning to review terms of a potential $16 billion supply deal with Cheniere Energy Inc after a sharp drop in LNG prices. The review could delay sign-off on a deal that would help Beijing meet ambitious targets it set for U.S. energy purchases in a Phase 1 trade agreement it signed with the United States.