China LNG Group, Sinopec to Cooperate in Transport LNG Sector

China LNG Group on Tuesday signed a framework agreement with Sinopec Fuel Oil Sales Corporation Limited in relation to cooperation in the development of LNG refueling station and application of LNG heavy trucks businesses in China.

Both parties intend to select two highways, Huhangyong highway, which is an important highway in connecting Shanghai Shen Zhuang Zhen and Hangzhou Peng bu Zhen and Hang Pu highway, which connects Shanghai Pudong and Hangzhou Dajing, as a pilot scheme for adding LNG refueling facilities in existing gas stations along these two highways.

Following successful implementation of such stations, Sinopec will increase the number of LNG fuel stations based on the demand and development of the company’s LNG businesses.

Sinopec Fuel Oil Sales Corporation Limited is a wholly owned subsidiary of China Petroleum and Chemical Corporation (Sinopec Corp.). It is specialized in comprehensive operation and professional management of fuel oil business of Sinopec Corp.