- PetroChina is China’s largest natural gas producer and top LNG importer and exporter.
- The first three tankers were ordered under a joint venture with state shipping firms.
- The President of PetroChina also said that “amidst this global environment owning your own shipping capacity is increasingly important.”
PetroChina International has taken delivery of a large liquefied natural gas (LNG) carrier from China’s Hudong-Zhonghua Shipbuilding Group Ltd, the first of three tankers ordered under a joint venture with state shipping firms.
Key Features
“The vessel “Shaolin”, named after the renowned Chinese kungfu style, is designed to carry 174,000 cubic meters of the super-chilled fuel,” PetroChina International said on its WeChat platform on Wednesday.
The carrier is one of three vessels ordered in 2020 costing a total of $600 million by a joint venture between PetroChina International, Shanghai LNG and Cosco Shipping Energy Transport Co. Ltd.
Shanghai-based Hudong-Zhonghua, a unit of China State Shipbuilding Corporation (CSSC), is one of the country’s few shipyards capable of building large LNG carriers.
Global environment
“Under the complex global environment, owning your own shipping capacity has become increasingly important,” Wu Junli, President of PetroChina International was cited as saying at the vessel’s delivery ceremony.
PetroChina, China’s largest natural gas producer, is also one of the country’s top LNG importers and traders.
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Source: Reuters
