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COSCO Shipping Energy Makes New Gains. TIAN SHU XING, a conventional YAMAL Project carrier makes it first appearance
发布时间: 2019-09-26 分享到:

On the morning of 24th September, the naming ceremony of TIAN SHU XING, a carrier built by Shanghai LNG, a subsidiary of COSCO Shipping Energy and MOL jointly, was held at the Zero Base on Changxing Island.

In recent years, the rapid growth of natural gas demand and short domestic gas growth rate gives birth to the growing natural gas market. Data shows that in 2018, China's natural gas consumption exceeded 280 billion cubic meters, up more than 17 percent year on year, and imports of natural gas exceeded 90 million tons. Among them, LNG accounted for 60% of the total import volume, over 53 million tons, and the import scale reached a record high. China has become the world's largest importer of natural gas and the second largest importer of LNG. It is estimated that in the next 20 years, China's LNG imports will increase by 120 billion cubic meters to make up for the shortage of domestic production and imported pipeline gas.


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COSCO Shipping Energy Transportation Co., Ltd. (“COSCO Shipping Energy”) is a specialized company engaging in energy shipment such as oil and gas, comprising China COSCO Shipping Corporation Limited. Its predecessor is China Shipping Development Company Limited (01138K, 600026), headquartered Shanghai, the main subsidiaries include COSCO Shipping Tanker (Shanghai) Co., Ltd., COSCO Shipping Tanker (Dalian) Co., Ltd., China Shipping Group Gas Investment Co., Ltd., China Shipping Development (Hong Kong) Marine Co., Limited and China Shipping Development (Singapore) Marine Co., Limited.
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