This is a legacy page. Please click here to view the latest version.
Tue 22 Oct 2013, 07:21 GMT

China Gas plans to start LNG bunkering in 2014


Gas firm intends to upgrade LNG facilities at a number of Chinese ports as part of its LNG bunkering strategy.



China Gas Holdings Ltd. - a Hong Kong-listed holding company with subsidiaries engaged in the supply of natural gas and liquefied petroleum gas (LPG) - is expected to begin LNG bunkering in 2014 in response to the central government's promotion of clean energy for ships and motor vehicles, according to local media reports.

The vice president of China Gas, Liang Yongchang, is cited as saying that the company is in the process of upgrading its LNG facilities at a number of port terminals in China, in order to begin offering an LNG bunkering service to vessels 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," Yongchang is quoted as saying.

The China Gas vice president added that the company would set out to first sign cooperation agreements with shipping firms and then develop LNG bunkering terminals according to their shipping routes.

China Gas supplies natural gas to 195 cities in China and expects sales to skyrocket by as much as fivefold by 2020 as the country pushes for wider use of the fuel to replace coal.

Earlier this year, China Gas agreed to buy the Chinese gas assets of UK-registered Fortune Oil Plc. for $400 million, as part of an effort to tap rising demand for cleaner energy sources.

LNG   China 

Capital Clean Energy Carriers Corp. (CCEC) and CMA CGM logos. Capital Clean Energy Carriers and CMA CGM form joint venture to build $82.8m LNG bunkering vessel  

The 20,000-cbm dual-fuel vessel is due for delivery in the third quarter of 2028.

Hong Kong flag. Hong Kong launches port dues and vessel registration incentives to boost green fuel bunkering  

Two new schemes offer financial concessions to attract green fuel vessels and grow the Hong Kong fleet.

Mein Schiff Flow vessel. Fincantieri delivers LNG-ready cruise ship Mein Schiff Flow to TUI Cruises  

The 160,000 gross-tonne vessel is the second of two InTUItion-class dual-fuel ships.

Monjasa logo. Monjasa seeks trader for Fredericia-based Northwest Europe desk  

Bunker firm is recruiting a trader to join its Northwest Europe team.

Port of Barcelona and Port of Shanghai signing ceremony. Barcelona and Shanghai sign strategic port cooperation agreement targeting green fuels and digital corridors  

Ports formalise a 'sister ports' relationship covering green shipping, digitalisation and intermodality.

Capital's LNG-powered vessel. Chinese shipbuilder delivers 155,500-dwt LNG dual-fuel crude oil tanker  

Vessel handed over to Capital Ship Management Corp in China.

Glovis Lighthouse vessel. Seaspan takes delivery of first 10,800-ceu dual-fuel LNG car carrier  

Glovis Lighthouse enters service as one of a handful of vessels globally to exceed 10,000 CEU capacity.

Port of Rotterdam, Maersk, Core Power and Lloyd's Register logos. Rotterdam study maps pathway for nuclear-powered commercial ship port calls  

A joint study by Lloyd's Register, the Port of Rotterdam, Core Power and Maersk examines the feasibility of nuclear vessel port calls.

Hakata waterfront. Kinkai Yusen conducts first biofuel demonstration on domestic ro-ro vessel at Hakata Port  

Japanese shipping company to trial B24 biofuel blend aboard the vessel Nanotsu on 16 June.

Norwegian Energy Trading (NET) AS logo. Norwegian Energy Trading renews ISCC certification for biofuel trading  

Norwegian bunker trader says renewal reflects growing biofuel volumes and commitment to verifiable sustainability standards.


↑  Back to Top