China’s private energy company ENN Energy Holdings Ltd. is in negotiations with several LNG suppliers to secure more than 1 million mt/year of LNG over a five- to 10-year period starting from 2018, a senior company executive said Thursday. “We are talking to many sellers and would like to select the best offer,” ENN Vice President Ma Shenyuan said on the sidelines of the Gastech Conference, held in Singapore October 27-30. ENN has been in discussions with several suppliers, including those with volumes from the US, he added. “I do believe [US LNG] will bring more diversity and competition to the industry.” The volumes are to be delivered to ENN’s 3 million mt/year terminal project in China’s eastern Zhejiang region, which is due to commence operations in 2018. “We would like the terminal to be open to third parties from day one,” Ma said. “We will be the foundation […]