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Sinopec resells LNG to Europe despite China's sanctions snub

Top oil refiner says transactions are purely market driven

Sinopec runs this compressing station at a shale gas field in Chongqing, China. The country is also increasing natural gas imports from Russia.   © Reuters

BEIJING -- China's biggest oil refiner Sinopec Group has been unloading excess liquefied natural gas to European clients, the company said Thursday, in transactions that appear to run counter to China's objections to Russian sanctions. 

Sinopec's Hong Kong-listed subsidiary confirmed during a first quarter earnings call that it is reselling part of its LNG stockpile on the "international market" in commenting on sales to Europe.

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