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Shenzhen Gas enters shipowning with LNG carrier order at Hudong Zhonghua

Chinese municipal gas distributor Shenzhen Gas has announced a plan to order an 80,000 cu m LNG carrier at Hudong Zhonghua Shipbuilding.

The company has allocated an investment of $140m for the newbuild project. The order will mark Shenzhan Gas’ entry into shipowning. The company believes the self-owned LNG carrier will help it set up its own LNG transportation network and expand its business flexibility.

Shenzhen is one of the largest LNG hub ports in China, and is a pioneer in developing the offshore LNG refuelling sector. Shenzhen Gas launched an LNG terminal at the port in 2019 and has an LNG supply deal with Eni.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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