Market Chatter: CNOOC Signs LNG Purchase Deal With ADNOC

MT Newswires Live
23 Apr

China National Offshore Oil Corporation (HKG:0883, SHA:600938) or CNOOC signed a deal to purchase liquefied natural gas from Abu Dhabi National Oil Corp or ADNOC as the Chinese LNG markets were affected by US tariffs, Reuters reported Monday, citing sources and a state media China Energy News.

The deal follows ADNOC's two separate deals with ENN Natural Gas (SHA:600803) and Zhenhua Oil, the report said.

CNOOC and ADNOC did not immediately respond to Reuters request for comment, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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