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China LNG Group informed that it has signed a deal with Linyi Trade City Administrative Commission to promote the application of LNG businesses in Linyi, Shandong, China, forming a USD 320 million company for the purpose. The range of investment could be up to USD 8 billion.
The objective is to build LNG refueling stations, including fixed refueling stations, portable LNG
charging cars to provide LNG filling services for boilers and construction machines, LNG central stations to provide LNG filling services for industries and civilian users who are unable to access the city LNG pipeline
network, LNG transportation and distribution system and acquisition of gas pipeline and gas filling equipment franchise, and LNG liquefaction plants and 30 units of LNG refueling stations, central stations and distribution system.
The deal also involves the creation of an LNG bus network to improve the public transportation system in Linyi Trade City.
Source: China LNG Press Release.
