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BP’s $20 Billion Leads Deals as China’s Li Visits U.K.

BP Plc signed a $20 billion deal to supply liquefied natural gas to China National Offshore Oil Corp., one of a number of contracts announced during a visit by Chinese Premier Li Keqiang to the U.K.

The 20-year agreement will see 1.5 million tons of LNG shipped to China each year from 2019, BP said in a statement. The contract with the U.K.’s second-largest energy producer shows China’s appetite hasn’t been sated by a $400 billion pipeline deal it made with Russia last month. Royal Dutch Shell Plc also signed a strategic alliance agreement.