Apr 10, 2024 03:55 PM
ECONOMY
PetroChina to Build Up LNG Fleet and Expand Global Trade
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PetroChina International plans to quadruple its fleet of tankers to 25 by the end of the decade. Photo: Bloomberg
(Bloomberg) — China National Petroleum Corp. (CNPC), the country’s biggest natural gas supplier, will build more ships to carry the fuel as it looks to enhance its role as a global gas trader.
CNPC’s trading arm, PetroChina International Co. Ltd., plans to expand the number of its liquefied natural gas (LNG) tankers to 25 by 2030, about four times the size of its current fleet, Wang Haiyan, the firm’s deputy general manager, said at a forum in Beijing on Tuesday.
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