COSCO Corporation (Singapore) said that COSCO (Dalian) Shipyard, a subsidiary of the company’s 51% owned unity, COSCO Shipyard Group, has secured a contract valued over RMB500 million from a Chinese ship owner to build one 28,000 CBM LNG Vessel. The vessel is scheduled for delivery in the first quarter of 2015. The contract is not [...]
May 21, 2013 | Posted in
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China Natural Gas, Inc., a leading provider of compressed natural gas (CNG) and LNG for vehicular fuel and pipeline natural gas for industrial, commercial and residential use in Xi’an, China, said its revenue in the first quarter of 2013 increased by 10.0% to $35.5 million from $32.3 million in the first quarter of 2012, driven [...]
ABB, the leading power and automation technology group, signed a long-term Preventive Service™ agreement with China LNG Shipping International Co. Ltd (CLSICO) to provide maintenance services to all ABB equipment onboard of its six LNG vessels in the next five years. The contract commenced January 1, 2013. The new service agreement will help CLSICO with [...]
May 15, 2013 | Posted in
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This February, as oil price rose in China, private car owners adapted their oil-powered cars into gas-powered, which brought new opportunities to the Natural Gas Vehicle (NGV) market. It is said that there are around 2,500 CNG (Compressed Natural Gas) and 800 LNG (Liquid Natural Gas) fueling stations in China now. The exploration and utilization [...]
May 15, 2013 | Posted in
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Recently, 100 units of King Long XMQ6106G buses and 110 units of King Long XMQ6931G buses were officially delivered to the Bus Company in Dongguan City, Guangdong Province. And now they are already put into operation to contribute to the local public transportation as well as the environment. In 2013, Dongguan Bus Company has totally [...]
TGE Marine Gas Engineering signed a contract with Jiangnan Shipyard Group for the design and supply of the gas handling system as well as cargo tank material package for a 30,000 cbm LNG carrier. TGE Marine has developed the concept for the next generation of LNG carriers destined to deliver LNG from the large import [...]
May 6, 2013 | Posted in
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Höegh LNG has signed an agreement with GDF SUEZ which will form the basis for facilitating their use of the GDF SUEZ Cape Ann as the first floating storage and regasification unit in China. The vessel will serve the Tianjin project under a sub-charter between GDF SUEZ and China National Offshore Oil Corporation Gas & [...]
May 2, 2013 | Posted in
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On the occasion of the French President François Hollande’s visit to China, GDF SUEZ signed several significant agreements with Chinese partners in the field of natural gas storage, the provision of liquefied natural gas regasification facilities and the environment. These agreements reflect the gathering momentum of GDF SUEZ’s development strategy in China, where it has [...]
April 25, 2013 | Posted in
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Fortune Oil today reports its results for the financial year ending 31 December 2012. Corporate highlights: Agreed transformational combination of Fortune Oil’s natural gas business with that of China Gas Holdings Limited for consideration of US$400 million, of which Fortune Oil share is US$340 million. Will strengthen Fortune Oil’s strategic investment in China Gas Holdings [...]
Construction of first hybrid dual-fuel 30,000 cum LNG carrier in China started on April 18th with a steel cutting ceremony held at Ningbo Xinle Shipbuilding Group, according to SinoShip. The vessel, worth $105m, measures 181m in length, 36 m in breadth, 19 m in height and has 7.8 m draft. The LNG carrier is due [...]
