Sinopec's Green Energy Ambitions at the 7th China International Import Expo

Sinopec, China's largest oil and gas producer, showcased its commitment to green energy initiatives at the 7th China International Import Expo (CIIE) held in Shanghai from November 5 to 10, 2024. The company signed purchasing contracts worth US$40.9 billion with 38 partners from 18 countries, demonstrating its intent to foster an open, green, and low-carbon ecosystem. This article explores Sinopec's green energy ambitions, the implications for global energy transformation, and the company's strategic partnerships.

Sinopec's green energy initiatives align with China's broader efforts to promote sustainable development and combat climate change. The company aims to enhance collaboration on oil and gas resources, expand its green energy portfolio, and foster technology partnerships to create a harmonious balance between humanity and nature. By investing in renewable energy sources and promoting energy efficiency, Sinopec seeks to address climate challenges effectively and build a cleaner, more sustainable world for future generations.

At the CIIE 2024, Sinopec signed a framework agreement with TotalEnergies on long-term LNG supply. Under this agreement, TotalEnergies will supply 2 million tons of LNG per year to Sinopec from 2028, for a total of 15 years. This partnership enables both parties to explore opportunities across the whole industry chain and promote global energy transformation. The agreement also reflects Sinopec's commitment to reducing its carbon footprint and aligning with China's green energy initiatives.


Sinopec's commitment to open cooperation and mutual wins with partners shapes the global energy landscape. By working with various stakeholders to establish a more stable industry alliance, the company aims to enhance collaboration on oil and gas resources, expand green energy initiatives, and foster technology partnerships. This approach contributes to creating a harmonious balance between humanity and nature, addressing climate challenges effectively, and building a cleaner, more sustainable world for future generations.

Sinopec's investment in green energy initiatives not only reflects a proactive response to global energy transition trends but also presents a strategic opportunity for the company to diversify its revenue streams and mitigate risks associated with traditional fossil fuel reliance. By leveraging advanced technologies and promoting high-quality, intelligent, and green development, Sinopec can potentially boost its market position and attract environmentally conscious investors.


In conclusion, Sinopec's participation in the 7th China International Import Expo highlights the company's commitment to green energy initiatives and its strategic approach to shaping the global energy landscape. By fostering open cooperation and mutual wins with partners, investing in long-term LNG supply, and expanding its green energy portfolio, Sinopec is well-positioned to contribute to global energy transformation and sustainable development. As the world transitions towards a low-carbon future, Sinopec's green energy ambitions will play a crucial role in driving this change.