Oil company to supply 1 million tons of LNG every year to Huadian

BP Plc, the United Kingdom oil giant, has signed a sale-and-purchase agreement to sell one million metric tons of liquefied natural gas annually to China Huadian Corp, the country's largest gas-fired power generator.

The deal, worth $10 billion over the next two decades, was among a host of initiatives signed in London in the presence of President Xi Jinping and British Prime Minister David Cameron.