CNPC and China Shipping sign strategic cooperation agreement

CNPC and China Shipping (Group) Company signed a strategic cooperation agreement in Beijing. The two companies will further enhance cooperation to leverage China Shipping’s shipping capacity and guarantee the transportation of CNPC’s crude, refined oil, LNG and chemical products, as well as the marketing of its refined oil and lube oil.

Also, the two sides will work together in developing offshore oil and gas shipping technologies, and technology and products to replace oil by gas for marine power. 

China Shipping is one of the key state-owned enterprises and a super-large shipping conglomerate which mainly operates shipping across different regions, fields, countries and ownerships.

Adapted from press release by Peter Farrell.

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/25052012/cnpc-and-china-shipping-sign-strategic-cooperation-agreement/