Imported liquefied natural gas Chongqing enters LNG market

Recently, the reporter learned from the Chongqing Municipal Foreign Economic and Trade Commission that Zongshen Industrial Group and Jinshan Technology entered the LNG (liquefied natural gas) industrial chain and will purchase LNG from Canada for transportation to China. This is the first time that Chongqing has imported liquefied natural gas from overseas to China.

“We intend to set up a research and development center for liquefied natural gas in Canada. We will start with R&D, production, and end markets in the future.” Zuo Zongshen, chairman of the Zongshen Group, introduced the adoption of liquefied natural gas through the sea The built LNG gas station is delivered to the terminal market.

In addition to Zongshen, the Civil Aviation Group headed by the Jinshan Science and Technology Group is also trying to “test water” the LNG market. "In the future, we will promote the cooperation between the Civil Aviation Group and BC in LNG procurement, mineral resources development, and financial institutions," said Wang Jinshan, chairman of the board of directors of Jinshan Group and chairman of the Civil Aviation Group.

Regarding why the “cross-border” cut into the LNG industry chain, representatives of contracted companies all mentioned that “the price of LNG abroad is very cheap”.

“At present, the domestic LNG industry has been fully launched, which will stimulate the scale of 100 billion equipment market.” Zhuo Chuang Wang Xiaokun, an information analyst, told reporters, “In addition to the imbalance between supply and demand, the larger the amount of difference, but also driving companies have to get involved in the Nuggets.” Wang Xiaokun said If we look at the prices in the industrial sector, the estimated price difference between LNG in western North America and western China can exceed six times.

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