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.
Australian energy company Santos, with stakes in three Asia-Pacific LNG plants that shipped 250 cargoes in 2017, said it had narrowed its annual losses, boosted LNG income and was building its strategic relationship with ENN Group of China to focus on increasing Chinese LNG demand.
Chinese energy company, the ENN Group, has signed an agreement with Chevron Corp. to receive supplies the US major is building up from its production projects in Australia.
The Chinese ENN Group, which has signed contracts for LNG cargoes from around the world, has agreed to purchase almost 12 percent of the shares of Australia energy company Santos, a stakeholder in three Asia-Pacific liquefaction plants.