28 March 2013 04:10 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Sichuan Shuangrui Energy said in a statement on Thursday that it plans to build one liquefied natural gas (LNG) project each at the cities of Langzhong and Bazhong in Sichuan province.
The initial investment for the two LNG projects will be yuan (CNY) 38.4m ($6.18m), according to Sichuan Shuangrui Energy.
Details on the construction timeline and LNG capacities were not disclosed by the company.
Sichuan Shuangrui Energy is a joint venture between Sinopec Sichuan Natural Gas Co and Sichuan Meifeng Chemical Industry.
It was set up on 22 March and is located at Chengdu in Sichuan province, according to an earlier statement from Sichuan Meifeng.
Sinopec Sichuan Natural Gas Co owns a 49% stake in the company, while Sichuan Meifeng owns the remaining share.
($1 = CNY6.21)
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