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.

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

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

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