Changfeng enters into agreement with PetroChina Company for Xiangdong project (Scandinavian Oil-Gas Magazine)

Changfeng enters into agreement with PetroChina Company for Xiangdong project

Published Dec 18, 2014

Changfeng Energy Inc. has entered into a natural gas purchase and sale agreement (the "Agreement") with PetroChina Company Ltd. (PetroChina) regarding the purchase and sale of piped natural gas in 2015 and thereafter for its Xiangdong Project to meet the natural gas quota (the "Quota Gas") approved by the Jiangxi Provincial Bureau of Energy in 2011.

Under the terms of the Agreement, PetroChina agreed to supply the qualified Quota Gas up to a volume of 50 million m3 to the Company in 2015. Thereafter, Changfeng and PetroChina will negotiate the annual volume of natural gas to be purchased by the Company from PetroChina in five year periods by the end of June in the year prior to each five year period.

Tags: Changfeng Energy Inc.

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