Fortune Oil to Build Xinyang LNG Plant

China-focused oil and gas group Fortune Oil said it intends to build a liquefied natural gas (LNG) production plant in Xinyang. 

Fortune will invest £20m and will take full ownership in the plant, which will liquefy natural gas supplied from the Xinyang Fortune Gas Co gas pipeline and deliver it to storage tanks via specialised road tankers. 

Meanwhile, the group also agreed, with its partner for the Yangtze River Ship LNG Refuelling project, to install refuelling stations at their existing docks yards to refuel the first fleet of eighty ships which are currently under construction.