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Maritime Activity Reports, Inc. Illustration - Credit: Eric Middelkoop/AdobeStock China's Jiasheng Gas Co Ltd, an independent gas distributor, has agreed an engineering and construction deal to build a 2.5 billion yuan ($380 million) liquefied natural gas (LNG) storage and receiving facility in east China, the Shanghai Oil and Gas Exchange and a company executive said. The little-known firm is among a group of companies outside the dominant state oil and gas giants that are expected to lead new investment in LNG import terminals over the next decade as China opens up the sector to more private participation. The first phase of the project, to be built at Jiangyin port in Jiangsu province, will include two 100,000 cubic metre storage tanks and will have an annual total handling capacity of 1.5 million tonnes, the state-run exchange said in a statement posted on its official wechat account.
China independent firm plans $380 mln LNG terminal in eastern Jiangsu reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
China independent firm plans $380-MM LNG terminal in eastern Jiangsu 12/24/2020 SINGAPORE, Dec 24 (Reuters) - China's Jiasheng Gas Co Ltd, an independent gas distributor, has agreed an engineering and construction deal to build a 2.5 billion yuan ($380 MM) LNG storage and receiving facility in east China, the Shanghai Oil and Gas Exchange and a company executive said. The little-known firm is among a group of companies outside the dominant state oil and gas giants that are expected to lead new investment in LNG import terminals over the next decade as China opens up the sector to more private participation. The first phase of the project, to be built at Jiangyin port in Jiangsu province, will include two 100,000 cubic metre storage tanks and will have an annual total handling capacity of 1.5 million tonnes, the state-run exchange said in a statement posted on its official wechat account.
By Reuters Staff 2 Min Read SINGAPORE (Reuters) - China’s Jiasheng Gas Co Ltd, an independent gas distributor, has agreed an engineering and construction deal to build a 2.5 billion yuan ($380 million) liquefied natural gas (LNG) storage and receiving facility in east China, the Shanghai Oil and Gas Exchange and a company executive said. The little-known firm is among a group of companies outside the dominant state oil and gas giants that are expected to lead new investment in LNG import terminals over the next decade as China opens up the sector to more private participation. The first phase of the project, to be built at Jiangyin port in Jiangsu province, will include two 100,000 cubic metre storage tanks and will have an annual total handling capacity of 1.5 million tonnes, the state-run exchange said in a statement posted on its official wechat account.