LNG

China LNG Ltd, a company involved in the small-scale LNG supply sector in mainland China, reported a drop in revenues from operations as the global surge in prices affected the profitability and revenue flows of the business.

Dec 1 (LNGJ) - Russian Yamal LNG plant operator, Novatek, said its Asian trading unit and Saibu Gas Co. of Japan completed their first joint trial delivery of liquefied natural gas in ISO containers to China's Tiger Gas for subsequent sales to Chinese buyers. The LNG was delivered by sea in Tiger Gas-owned ISO containers from the Japanese Hibiki container terminal to the Chinese port of Shanghai under a spot contract.

   “Together with our partners, we have successfully completed our first trial delivery of LNG in ISO containers to China,” declared Lev Feodosyev, Novatek’s First Deputy Chairman. “It is forecast that ISO containers of LNG will exponentially increase over the upcoming decades, allowing us to diversify our customer base by including small-scale LNG consumers and entering the downstream markets in China and Japan,” added Feodosyev.

China LNG, the Hong Kong-listed supply and small-scale logistics services company also involved in the leasing of vehicles and LNG tank trailers, narrowed its first-half net losses, though revenues fell sharply from a year ago.

ENN Energy Holdings, the Chinese city-gas company and owner of the Zhoushan LNG import terminal in eastern Zhejiang province, said it expected to buy more spot LNG cargoes for the rest of 2020 and aims to increase pipeline and terminal capacity in domestic market restructuring.

The Linde Group of Germany was awarded a contract by a Chinese chemical and energy company to supply a mid-scale liquefied natural gas liquefaction plant at an industrial site near Beinichuan in Inner Mongolia, an autonomous region of northern China.