OPERATIONS

China-led AIIB to fund new LNG import terminal with US$500M

THE China-led Asian Infrastructure Investment Bank, a Beijing-led answer to the US-helmed World Bank and Japanese-led Asian Development Bank, will spend US$500 million for an LNG terminal in China, in the north eastern city of Tianjin on the Bohai Sea to improve air quality in the region, it said in a statement yesterday.

 Terminal designed to cut coal use, improve air quality. Photo credit: AP

Terminal designed to cut coal use, improve air quality. Photo credit: AP

  It will be implemented by the Beijing Gas Group company.    "The Beijing-Tianjin-Hebei Low Carbon Energy Transition and Air Quality Improvement Project aims to increase the availability of natural...

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