China Gas Holdings, one of the leading non-state controlled companies in the Chinese city-gas and LNG sectors and state-backed Beijing Gas Group, have signed a strategic cooperation agreement to stabilise LNG flows to North China.

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Hoegh LNG, the Norwegian shipping and project company, said the global market continued to grow as it was selected for three floating storage and regasification unit (FSRU) contracts and with various tenders also being processed as lower natural gas prices are helping import infrastructure demand in Asia.

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Hoegh LNG of Norway said it signed a time charter for the floating storage and regasification unit (FSRU) “Hoegh Esperanza” with a subsidiary of the Chinese energy major, China National Offshore Oil Corp., for deployment in northeast China and for part-time use a conventional carrier

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