China LNG Group and Xuzhou transportation sign deal

China LNG Group and Xuzhou transportation sign framework agreement

China LNG Group  said that the company entered into a strategic cooperation framework agreement with Xuzhou Transportation Bureau in relation to investment in the projects of application of LNG in Xuzhou City, Jiangsu Province in the PRC.

According to the statement issued by China LNG Group, Xuzhou Transportation agreed to support the company to develop the LNG businesses in Xuzhou City with a mega stated owned enterprise.

China LNG Group intends to set up a subsidiary with registered capital of Rmb200 million (approximately HK$251,580,000) to engage in LNG application-oriented businesses, while Xuzhou Transportation agreed to assist, support and give appropriate guidance to the Company and assist the Company to coordinate with relevant departments of the People’s Government of Xuzhou City to develop the LNG businesses in transportation sectors in Xuzhou City.

After signing of the Framework Agreement, the Company need to provide the investment proposal in relation to the cooperation to Xuzhou Transportation within 6 months.

1 Chinese yuan = 0.161812 U.S. dollars

 

Press Release, August 4, 2014

 

Share this article

Follow LNG World News

Events>

<< Jan 2019 >>
MTWTFSS
31 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

Downstream 2019

Renowned as the most significant global meeting place for Downstream professionals…

read more >

Gas to Power APAC Congress 2019

The Gas to Power APAC Congress will bring together regional government officials and senior representatives from regulators…

read more >

2nd CWC Japan LNG & Gas Summit

The highly successful CWC Japan LNG & Gas Summit returns for a second year from 19-20 February 2019 in Tokyo, Japan…

read more >

Global LNG Forum 2019

Global LNG Forum is your opportunity to see what the future of LNG will be like…

read more >