Beijing Blue Sky Energy, a subsidiary of Hong Kong-listed Beijing Gas Blue Sky Holdings, has signed a deal to supply liquefied natural gas (LNG) to a unit of Kunlun Energy in China’s Shandong coastal province.
Under the three-year deal, Beijing Blue Sky would supply about 60,000 tons per year of the chilled fuel via trucks to Kunlun Energy Shandong starting May 9, it said in a statement on Wednesday.
This equates to about 10 trucks per day or 3,000 trucks per year.
The actual amount will depend on the market conditions and purchase plans of Kunlun Energy Shandong, the statement said.
The supply deal is worth up to 765 million yuan ($120.5m), it said.