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>

<< May 2019 >>
MTWTFSS
29 30 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

Budapest LNG Summit 2019

The Budapest LNG Summit is a niche event focused on the up and coming LNG region of Central & Eastern Europe (CEE).

read more >

5th CWC China LNG & Gas International Summit & Exhibition

5th CWC China LNG & Gas International Summit & Exhibition will return 16 – 17 October 2019, bringing together the key players…

read more >

LNG Bunkering Mediterrean

The only 3-day course offering theoretical and practical training on LNG bunkering designed by the Mediterranean market leaders.   

read more >

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >