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Natural Gas

ZhenHua Oil adheres to the development strategy of "simultaneous development of oil and gas", grasps the opportunities of vigorous development of international and domestic natural gas markets, commits itself to the layout and coordinated development of the whole natural gas industry chain. At present, ZhenHua Oil has entered into long-term TUA contracts with PipeChina and CNOOC, and carried out first-hand LNG trading with multiple international major suppliers. With the successful investment in Jiangsu Rudong LNG Terminal, which holds an annual capacity of 6 million metric tons, ZhenHua Oil has fully connected the LNG industry chain in the core domestic market.

In the future, ZhenHua Oil will strive to become a service trader and LNG resource integrator, focusing on the development of natural gas, as well as the layout of LNG liquification plants and terminals, LNG long-term SPA acquisition, LNG trading and domestic end user marketing, and working with partners to make active contributions to China’s energy transformation and upgrading.