IN BRIEF (Page 14)

China buys LNG cargoes

China has purchased four liquefied natural gas (LNG) cargoes at record prices on the spot market recently to meet increased demand for the fuel on its southeastern coast. The country paid $13.9 per million British thermal units, the highest to date, for cargo from Equatorial Guinea, according to calculations from Customs figures released in Beijing yesterday.

Sinopec in N. China venture