China LNG said that the company entered into two separate LOIs with each of Lianyungan Haitong Group and Mongolia Genghis Khan Group.
The company informed in a filing to the stock exchange that the two letters of intent are signed in regard to cooperation in promoting the application of LNG vehicles in China and Mongolia.
According to the LOI with Lianyungan Haitong Group, China LNG plans to invest in new environmental cars and buses and LNG heavy vehicles, while Haitong is willing to reform its existing transport from using fuel to LNG. Both companies agreed to enter into cooperation contract withing 6 months.
The same cooperation framework has been agreed with the Genghis Khan Group that aims to reform the existing transport in Ulaanbaatar Mongolia from using fuel to LNG.
LNG World News Staff