Hubei Energy Group signs agreement for Zhijiang LNG project

Shenzhen-listed Hubei Energy Group signed a framework agreement worth around RMB 2.6 billion ($412 million) on Monday with the Chinese city of Zhijiang for an LNG receiving and distribution project, according to a Shenzhen Stock Exchange filing.

The two sides will cooperate on an LNG storage and distribution centre, with the first phase comprising two docks, bunkering facilities and two storage tanks.