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China Natural Gas assists in the first successful powered LNG shipping in Chinas waterways
China Natural Gas, Inc., a leading provider of compressed natural gas (CNG) for vehicular fuel and pipeline natural gas for industrial, commercial, and residential use in Xi’an, China, announced today that a ship powered by liquefied natural gas (LNG) and modified by the Company
successfully completed its test navigation in Wuhan on August 3rd, 2010.
The historic event is the first time an LNG-powered ship has navigated
in China’s domestic waterways, demonstrating that LNG can be used both
in cars and ships as a transportation fuel.
The Company succeeded in
fueling a tugboat weighing over 300 tons with LNG for Wuhan Ferry
Company. The ship now runs on a fuel formula of 30% diesel and 70%
natural gas, representing significant energy and cost savings.
The
Chairman of the board & CEO of the company, Mr. Qinan Ji, proudly
commented, “This achievement is a big step in the history of China’s new
energy industry and will contribute to environmental protection and
reduce energy consumption. The marketing of LNG-powered ships will be
implemented on a full scale in the forthcoming years. Our fully owned
subsidiary, Hubei Xilan Natural Gas, Ltd., will cooperate with the Wuhan
Ferry Company in the passenger transport business to explore further
applications for this revolutionary kind of vessel. We expect to achieve
extensive coverage with our LNG-powered ships along the Yangtze River.”
Mr.
Qin’an Ji further commented, “This latest success proves that advanced
dual-fuel hybrid power technology for ships is an economical, reliable,
and energy-saving environmental technology. Ship modification
engineering is a leading technology in China, and we plan to apply for
the appropriate patents in ship modification. This technology will
strengthen our competitiveness to an unprecedented level. As we fully
embrace China’s national campaign for energy saving, emission reduction,
low-carbon waterways, and green navigation, the Company will benefit
from being on the leading edge of the nation’s shift toward clean energy
sources.”
China Natural Gas transports and sells natural gas to
vehicular fueling terminals, as well as commercial, industrial and
residential customers through its distribution networks in China’s
Shaanxi and Henan Provinces. The Company owns approximately 120 km of
high-pressure pipelines and operates 25 CNG fueling stations in Shaanxi
Province and 12 CNG fueling stations in Henan Province. China Natural
Gas’ four primary business lines include: (1) the distribution and sale
of CNG through Company-owned CNG fueling stations for hybrid (natural
gas/gasoline) powered vehicles; (2) the installation, distribution and
sale of piped natural gas to residential, commercial and industrial
customers through Company-owned pipelines; (3) the distribution and sale
of gasoline through Company-owned CNG fueling stations for hybrid
(natural gas/gasoline) powered vehicles; and (4) the conversion of
gasoline- fueled vehicles to hybrid (natural gas/gasoline) powered
vehicles through its auto conversion division.
Source: China Natural Gas, Inc.
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