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IDG Energy Investment's Pilot Delivery of LNG ISO Tanks Arrives in Shanghai
Accomplishing First Step towards Independent LNG Logistics

  • JUSDA Energy’s pilot delivery of LNG ISO tanks arrived in Shanghai on October 18th, with a total of 15 tanks, marking the Company’s first step towards an independent LNG logistics business.
  • The LNG ISO tanks will be delivered to a trading company, which will sell them to end users in Yangzhou, Jiangsu.
  • IDG Energy Investment will continue to support JUSDA Energy with its business network.

 

 

(October 19, 2018 - Hong Kong) IDG Energy Investment Limited (“IDG Energy Investment” or the “Company”, stock code: 00650.HK) is pleased to announce that its pilot delivery of 15 LNG ISO tanks from Shanghai JUSDA Energy CO., LTD. (“JUSDA Energy”), an affiliate of the Company, arrived in Shanghai on October 18th. The completed delivery marks JUSDA Energy’s first success in its independent energy logistics business. The LNG ISO tanks were imported from Canada. From Shanghai, the tanks will be delivered to a trading company which will in turn sell them to end users in Yangzhou, Jiangsu.

 

 

Mr. LIU Zhihai, President of IDG Energy Investment, commented: “Following our establishment of the joint venture in late September, the successful delivery demonstrates JUSDA Energy’s capacity to provide independent, safe, and quality LNG logistics services, expedited and on time. The Company has been focusing on investments in high-quality oil and gas assets worldwide, and positioning ourselves to capture opportunities arising from China’s growing demand for natural gas. IDG Energy Investment will continue to support JUSDA Energy’s development with the Company’s network, helping it to capitalize on China’s multi-billion-dollar LNG import activity.”

 

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