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Tian Lun Gas receives US$60 million loan for LNG infrastructure

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LNG Industry,

China Tian Lun Gas Holdings Ltd has had a loan of US$60 million granted by a member of the World Bank Group, the International Financial Corp. (IFC). Following the US$150 million investment made by the IFC and IFC Global Infrastructure Fund in May 2015, combined, they are now Tian Lun Gas’s second largest shareholder. The money will be borrowed by a wholly owned subsidiary of the company – Henan Tian Lun Gas.

The loan will allow Tian Lun Gas to grow its current supply of LNG in Chinese cities, gain LNG concessions, and build more LNG infrastructure. As China is facing increasing pollution regulations, LNG is becoming a popular alternative to unsustainable fuel sources. This new loan will allow Tian Lun Gas to expand on its LNG infrastructure, which currently consists of over 50 CNG/LNG re-fuelling installations, 49 city-based gas projects, three LNG pipeline projects, and two LNG processing plants currently under construction.

Edited from various sources by David Rowlands

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