LNG

ENN Group, the leading non-state energy company in China with LNG and city-gas assets, reported an increase in annual revenues and profits as its reach extended to 18 more large towns and cities in 2020.

Chinese liquefied natural gas imports rose 25 percent in March compared with the same month a year ago and the nation has also begun to improve its natural gas storage facilities to help meet peak demand.

ENN Energy Holdings Chief Executive Zhang Yesheng said the company would be expanding its LNG and natural gas activities, including constructing new pipelines in eastern Zhejiang province and city-gas connections elsewhere as annual profits increased along with revenues.