Zhonghua Gas & Shanghai Jiulian Group have signed a MoU to form a joint venture to co-explore end user markets in the Yangtze River Delta region.
The joint venture will be principally focused in the sale of LNG, LPG, engineering of LNG pipelines, sale, installation, maintenance of LNG delivery equipment amongst other areas.
Zhonghua Gas intends to integrate the gas supply business of its existing customer resources in the Yangtze River Delta, such as existing point-to-point supply of LNG, decentralised energy, direct supply of industrial LNG, vehicle and ship refueling into the LNG sales channel and business of the joint venture, and constantly expand the business scope of the joint venture.
Additionally, it will also look to obtain the qualification, license, permits, and approval for the joint venture to be engaged in LNG storage and transportation.
Shenergy Jiulian will guarantee the stability of LNG supply.