China's Guangdong Energy Group is expected to start commercial operation of a new LNG receiving terminal in south China next week which U.S. major ExxonMobil has agreed to use under a 20-year agreement,

Guangdong Energy Group is poised to commence commercial operations at a new LNG terminal in Huizhou, Guangdong province, Reuters reported, citing undisclosed sources. US energy giant ExxonMobil will utilise the facility under a 20-year agreement.

The agreement with Guangdong Energy Group in China should allow XOM to use the terminal to handle 1.8 million tons of LNG per year.

China's Guangdong Energy is expected to start commercial operation of a new liquefied natural gas receiving terminal in south China next week, which Exxon Mobil (NYSE:XOM) has agreed to use under a 20-year agreement,