Sinopec buys U.S. propane amid shale gas boom

The U.S. shale natural gas boom has enabled U.S. energy firms to supply fuels to China, as seen in Sinopec's recent long-term deal to purchase liquefied petroleum gas from Phillips 66. The boom has brought a "substantial increase in propane supply" and made LPG costs in the U.S. "more competitive" than in other countries, Sinopec said.

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