From Yahoo Finance: 2025-05-21 17:19:00

At the 29th World Gas Conference in Beijing, China’s Guangdong Pearl River Investment Management Group (GPRIMG) announced its first long-term LNG purchase agreement with ConocoPhillips. This marks a significant step for GPRIMG in expanding its international energy footprint. The deal comes amid the broader U.S.-China trade context, with China imposing tariffs on U.S. LNG imports since February 2025. The 15-year deal is indexed to Henry Hub prices, suggesting shipments will originate from the U.S. Deliveries are expected to begin in 2028, reflecting a renewed interest in long-term energy trade despite tariffs. GPRIMG sees this as a strategic move to strengthen resource security and navigate global energy dynamics. China’s gas imports declined in 2025, with ConocoPhillips benefitting from the agreement as it adds a reliable off-taker to its LNG portfolio.



Read more at Yahoo Finance: China’s GPRIMG Enters Long-Term LNG Supply Agreement with ConocoPhillips