Unigaz International signed long-term LNG Market Agreement with Trillion Rich Corp. Ltd.
On June 18, 2019, Unigaz International have signed an LNG Market Agreement with Trillion Rich Corp. Ltd. to market and negotiate potential LNG deals in China.
Unigaz International owns and participates in the ownership of companies specialized in the distribution, storage and transportation of Oil derivatives and LPG (Liquified Petroleum Gas) as well as networking and installing Central Gas Systems.
Moreover, Unigaz International have extensive LPG supply and trading experience and recently developed LNG trading activities in cooperation with one of the world's leading producers.
This being said, Unigaz International is very pleased to have entrusted Yuk Mang Ngai Andre, CEO of Trillion Rich Corp. Ltd. to market LNG and support a broad adoption of natural gas in China. This agreement is in line with Unigaz International’s strategy to develop new gas markets by accessing LNG markets in fast-growing economies.
Access to LNG will help meet growing domestic energy demand and add more natural gas to the country’s current energy mix. LNG is an attractive solution for supplying energy to communities and industrial sites connected to a pipeline network. LNG also has a very promising future in freight transport and shipping due to its favorable emissions profile. Compared to diesel or heavy fuel oil, natural gas has the smallest carbon footprint and switching to natural gas also has an immediate impact on air quality and health. LPG reduces 20% of CO2 , 90% of nitrogen oxide and negligible quantity of sulphur and particles.