"This sales and purchase agreement represents an important milestone and provides a solid foundation for our strategic partnership with Zhejiang Provincial Energy Group," Exxon official Peter Clarke said.
"ExxonMobil shares Zhejiang Energy's vision in developing a major LNG gateway in the Ningbo-Zhoushan region," Clarke said. "We look forward to continuing our support for Zhejiang Energy during the construction, commissioning and operation of its Wenzhou LNG receiving terminal."
ExxonMobil says it has been involved with China's energy industry since the late 1970s. With a long-term commitment to China, ExxonMobil expects to help meet China's energy needs through its products, technologies, partnerships and investments.