Kunlun Energy to Buy PetroChina's Stake in LNG Terminal Operator
10.05.2017 - NEWS

October 5, 2017 [Nikkei Asian Review] - Kunlun Energy, a natural gas distributor listed in Hong Kong, said Thursday a unit agreed to buy the 51% stake held by its controlling shareholder PetroChina in PetroChina Jingtang LNG for about 1.5 billion yuan ($232.3 million) in cash.


The acquisition would be in Kunlun Energy’s best interest as the transaction would bring PetroChina’s three liquefied natural gas receiving terminals under the company’s operations and management, and helps Kunlun achieve resource integration, it said in a statement to the Hong Kong stock exchange.

Jingtang was jointly established by PetroChina, Beijing Enterprises Group and Hebei Natural Gas in September 2012. It operates LNG terminals and provides storage and gasification services. Its net profit increased 26% to 166 million yuan in 2016.

—————————-

TankTerminals.com – Research, Market and Expand Your Presence within the Tank Storage Industry Learn more.

Hengli Petrochemical Establishes a Trading Subsidiary in Dubai as Part of Expansion
02.09.2026 - NEWS
February 09, 2026 [Offshore Engineer]- Hengli Group, the parent company of China’s Hengli P... Read More
Romania Lines Up €1 Billion Battery Storage Build After Government Deal
02.09.2026 - NEWS
February 09, 2026 [Oil Price]- Privately held MASS Group Holding plans to invest more than €1 b... Read More
RWE Explores Buying LNG from ADNOC as Germany Moves to Diversify Supply
02.09.2026 - NEWS
February 09, 2026 [Reuters]- RWE signed a provisional agreement on Friday with Abu Dhabi National... Read More
Greek Joint Venture Seeks 20-Year US LNG Deal to Strengthen Southern Europe’s Gas Supply
02.09.2026 - NEWS
February 09, 2026 [Reuters]- Atlantic Sea LNG Trade, a joint venture between Greece’s gas s... Read More