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ZhenHua Oil Completes First-ever Three-party Joint Shipment of Imported Natural Gas for PipeChina

PublishTime:2023-11-08

On November 7, a cargo ship carrying 69,000 tons of LNG successfully completed unloading in Tianjin, marking another successful effort by ZhenHua Oil to support winter energy supply in North China and effectively alleviate heating pressure in the Beijing-Tianjin-Hebei region amid plunging temperatures. This also created a precedent as the first-ever three-party joint shipment of imported natural gas for PipeChina.

Affected by multiple factors, the international natural gas market has continued to fluctuate, with spot prices remaining high, posing immense challenges for import operations. To better secure quality supplies, ZhenHua Oil focused on strengthening cooperation with partners. After multi-party communication and coordination, it successfully joined hands with Sinopec Natural Gas Company and ENN Energy (Tianjin) to achieve natural gas imports, enriching PipeChina's business model.

In recent years, ZhenHua Oil's natural gas team has worked closely with various partners to respond to market changes. Especially since the establishment of PipeChina, the two sides have deepened mutual trust and cooperation, achieved multiple "firsts" and forcefully guaranteed the stable regional gas supply.

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