LNG

China Gas Holdings signs MOU for 3 mtpa of LNG

China Gas Holdings has signed an MOU to buy 3 mtpa of LNG from Delfin Midstream for 15 years.
By Staff reporter 9 November 2017 0 28318

Hong Kong-listed city gas distributor China Gas Holdings has signed a memorandum of understanding (MOU) to buy 3 mtpa of LNG from Delfin Midstream for 15 years, Delfin founder and Chief Executive Frederick Jones said in an interview with Reuters.

Jones said Delfin will receive financing from undisclosed Chinese banks to fund its $8 billion FLNG project, located 80 km off the coast of Louisiana.

Delfin also signed an MOU with the Chongqing Oil and Natural Gas Exchange to help develop a trading...