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Revealed by Jessica Casey,
Editor
LNG Trade,
NYK has concluded a long-term time-charter contract for LNG transportation with China Petroleum & Chemical Company (SINOPEC), a public vitality firm in China. That is the third conclusion of time-charter contracts with vitality firms based mostly in China.
The contract is for the transport of LNG to China for as much as 23 years, starting in 2024 or later. China has declared its intent to be carbon impartial by 2060, and this time-charter contract will help China’s vitality transition towards carbon neutrality.
NYK will construct an excellent partnership with SINOPEC by means of steady transportation and contribute to the worldwide vitality transition from coal to pure fuel.
Learn the article on-line at: https://www.lngindustry.com/lng-shipping/07122023/nyk-signs-contract-with-sinopec-for-lng-transportation/
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