Sibur, Russia’s largest petrochemical producer, is set to sign a gas supply deal that could significantly increase the capacity of a planned plant aimed at the Chinese market, potentially spurring billions of dollars of further investment.
The liquid petroleum gas (LPG) supply deal with gas producer Gazprom would allow Sibur and its Chinese partner Sinopec to increase potential output from the Amur plant close to the Chinese border by 80 per cent.
The preliminary, in-principle supply agreement is set to be signed next week at an economic forum in Vladivostok, in Russia’s far east, according to two people with knowledge of the talks.
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