China Gas to start LNG bunkering next year

Hong Kong: Hong Kong-listed China Gas Holding is going to start LNG bunkering next year in a response to the central government’s promotion of clean energy in ships and vehicles.

Liang Yongchang, vice president of China Gas, said China Gas is currently updating LNG facilities at some port terminals and will provide LNG bunkering service on the Yangtze River from next year.

“There are lots of vessels which will be converted to LNG power, so there is a big potential in the LNG bunkering market,” Liang said, adding that China Gas will firstly sign cooperation deals with shipping companies and set up LNG bunkering terminals according to their shipping routes.

China Gas acquired the Chinese gas assets of UK-based Fortune Oil for $400m in August this year in an effort to tap rising demand for cleaner energy sources. [21/10/13]

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