China LNG Group to Promote LNG Fueling in Mongolia

China LNG Group has signed two separate letters of intent (LOIs) pertaining to promotion of LNG heavy vehicles and LNG buses in China and Mongolia.

According to a statement released Wednesday, the Group has signed the LOIs with Lianyungang Haitong Group and Mongolia Genghis Khan Group.

China LNG Group and Lianyungang Haitong look to invest in new environmental cars and buses and LNG heavy vehicles. Lianyungang Haitong is willing to reform its existing transport from using fuel to LNG, the statement noted adding that the two parties would enter into specific cooperation contract within six months.

Lianyungang Haitong is based in Lianyungang, Jiangsu province of China and is a wholly state-owned company approved by the government of Lianyungang city. Haitong has around 11 subsidiaries which are mainly engaged in passenger transport, cargo transport, road construction industry and the upstream and downstream derivatives.

In cooperation with Mongolia Genghis Khan Group, China LNG Group also plans to invest in new environmental cars and buses and LNG heavy vehicles. Genghis Khan Group is willing to reform the existing transport in Ulaanbaatar, Mongolia from using fuel to LNG, China LNG Group said.

Genghis Khan Group is currently involved in the municipal engineering of Ulaanbaatar and LNG related infrastructure investment on highways to China’s Inner Mongolia.

Since 2013, China LNG Group has been engaged with governments in various provinces in China in relation to the development of the LNG businesses in the country.