China Planning LNG Bunkering for 2014

Wednesday October 23, 2013

China Gas Holding (China Gas) promises to begin liquefied natural gas (LNG) bunkering on the Yangtze River next year, Chinese shipping news site SinoShip News reports.

"There are lots of vessels which will be converted to LNG power, so there is a big potential in the LNG bunkering market," said the company's vice president, Liang Yongchang.

Liang said China Gas will sign deals with shipping companies and then set up bunkering terminals based on their shipping routes.

He said the company is updating LNG facilities at some port terminals.

China Gas acquired the Chinese assets of UK-based Fortune Oil Plc, which had been planning to offer LNG bunkering on the Yangtze, for $400 million in August.

Fortune Oil subsidiary Chongqing Fujiang Energy Technology Company (Fujiang Energy) said in April that it would start offering LNG bunkering in the summer and would build several filling stations along the river near Wuhan, Nanjing, and Shanghai.