Chinese Lanqiao port signed a strategic cooperation agreement with Beijing Energy Holding, to jointly invest in RMB6.7bn ($973m) for the construction of LNG receiving station at Lanqiao port.
According to the collaboration agreement, the LNG receiving station will have a handling capacity of 5m tonnes of LNG annually.
In the meantime, both companies aim to join efforts to develop overseas energy projects.
The port has been developed to be the largest private port in China, which is planning public listing to fund business expansion.
Generally, Beijing Energy Holding, was firstly established in 1993, and belongs to the State-owned Assets Supervision and Administration Commission of People’s Government of Beijing Municipality, providing comprehensive services to energy industry.