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Dalian Port, PetroChina to form $380m LNG JV

(Agencies)
Updated: 2009-03-18 14:28

Dalian Port Co said on Wednesday it planned to form a 2.6 billion yuan ($380.4 million) liquefied natural gas (LNG) terminal joint venture with PetroChina.

Dalian Port said it would hold 20 percent of the joint venture in the city of Xingang. PetroChina would hold 75 percent and the remainder would be held by Dalian Construction Investment.