China Shipping would account for 90 percent of the venture and CNPC International the remainder, China Shipping said in a statement. CNPC is the parent of Petrochina. Cosco, China Shipping’s peer, has a similar tie up with CNOOC, another Chinese oil major for gas transport.
Wednesday, March 11, 2009
China Shipping Development gears up for LNG debut
China Shipping Development Co said that it would shortly sign an agreement with a unit of top Chinese oil and gas producer CNPC to set up a $5 million joint venture to ship liquefied natural gas.
China Shipping would account for 90 percent of the venture and CNPC International the remainder, China Shipping said in a statement. CNPC is the parent of Petrochina. Cosco, China Shipping’s peer, has a similar tie up with CNOOC, another Chinese oil major for gas transport.Read More
China Shipping would account for 90 percent of the venture and CNPC International the remainder, China Shipping said in a statement. CNPC is the parent of Petrochina. Cosco, China Shipping’s peer, has a similar tie up with CNOOC, another Chinese oil major for gas transport.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment