April 4 (LNGJ) - Kunlun Energy, a subsidiary of PetroChina, raised HK$10.5 billion (US$1.3 billion) in a share placement on the Hong Kong Stock Exchange to develop its LNG business. This involves selling LNG as fuel. The company plans to build a network of small-scale liquefaction plants and use Chinese gas to make LNG as a fuel replacement for diesel.
$1.3Bln for Kunlun LNG
Written by John McKay
Wednesday, 04 April 2012
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