Greater China

Shanghai Bestway scores major LNG contract

Shanghai: Shanghai Bestway Marine Engineering Design Co announced that its wholly-owned subsidiary Shanghai Walking LNG Utilization Company has signed an LNG sales contract with Ningde Leeto Energy to sell 200,000 tons of LNG for about RMB1bn.

Shanghai Bestway acquired Shanghai Walking LNG in 2013 to enter the LNG sector.

Shanghai Bestway reported a net profit of RMB20m for the first half this year, showing year-on-year growth of 227.12%, mainly thanks to LNG sales and increasing volume of EPC contracts. [23/09/14]

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