China LNG agrees cooperation with Xinxing Heavy Industry

China LNG informed that its unit, China LNG Finance Leasing, entered into a framework cooperation agreement with Xinxing Heavy Industry (Tianjin) in relation to cooperation in finance leasing of LNG-related equipment and projects.

Under the agreement both parties agreed to cooperate in the LNG-related projects comprising finance leasing of LNG storage equipment, coal-to-gas conversion, conversion of industrial gas supply, construction of refilling stations and equipment at refilling stations, the company said in its filing.

China LNG Finance Leasing shall introduce relevant LNG equipment and refilling station construction projects to Xinxing Heavy Industry and give priority in choosing Xinxing Heavy Industry while Xinxing Heavy Industry shall introduce relevant finance leasing projects of LNG equipment and other LNG related construction projects to CLNG Finance Leasing and give priority in choosing CLNG Finance Leasing, it added.

LNG World News Staff