PetroChina, Datang ink Beijing gas supply deal

摘要

Singapore—State-owned PetroChina has signed a purchase contract with Datang International Power Generation for natural gas supply into Beijing. Under the contract, Datang will supply Beijing with 4 million cubic meters/day of natural gas produced from its coal-to-gas Keqi project in Inner Mongolia, northwestern China, beginning in December, PetroChina said Thursday, giving no specific start date. In a separate statement filed to the Shanghai Stock Exchange Wednesday, Datang said the contract will remain valid from December 10, 2013 to December 31, 2043. It will supply 1.2 Bcm/year of gas to Petro- China in the first phase, increasing to 2.5 Bcm/year and finally to 4 Bcm/year. The time period for the three different phases were not given, and a Datang official contacted was unable to provide that information.