Huaying International and BKLS ink collaboration deal for LNG supply

This is aligned with China’s goal to diversify its energy resources.

Huaying International Energy Trading signed a collaboration agreement with BK LNG Solution (BKLS) to secure a liquified natural gas supply.

In a statement, the companies said BKLS will partner with Huaying International to close LNG deals.

Huaying International is an affiliate of Huaying Natural Gas Company which owns 50% of the LNG receiving terminal with SINOPEC near Chaozhou Port.

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“This collaboration will hold promise on multiple fronts, such as to foster a stable and reliable LNG supply to meet China's growing energy demands and by leveraging the network and expertise, can access diverse LNG sources and optimize procurement strategies,” the companies said. 

“Both parties bring unique strengths to the table, promising a synergy that could redefine the dynamics of LNG trade in the region and beyond,” the statement added.

The partnership will support China’s goal to diversify its energy mix and address environmental woes.