EQS-News: IDG Energy Investment Limited: JUSDA Energy, IDG Energy Investment Associated Company, Signed MOU with Japanese Gas Company, Opening an Import Channel for Japan-China LNG

EQS-News / 14/10/2019 / 09:00 UTC+8 
 
*For Immediate Release October 14, 2019* 
 
*IDG ENERGY INVESTMENT LIMITED 
IDG ????????** 
_(Stock code: 650.HK)_ 
 
*JUSDA Energy, IDG Energy Investment Associated Company, Signed MOU with 
Japanese Gas Company, Opening an Import Channel for Japan-China LNG* 
 
*(October 14, 2019 - Hong Kong)* *IDG Energy Investment Limited* ("*IDG 
Energy Investment*" or the "Company", stock code: 650.HK) is pleased to 
announce that JUSDA Energy Technology (Shanghai) Co., Ltd. ("*JUSDA 
Energy*"), an associated company of the Company, signed Memorandum of 
Understanding ("*MOU*") with a Japanese natural gas company for an 
unprecedented collaboration model on LNG ISO container (*"Tank"*) logistics. 
LNG will be transported directly from Japanese gas sources to end-users in 
China by sea and land. The target annual volume is at least 200,000 tons, 
and the operation scale is expected to exceed 600 tanks. 
 
In 2018, China became the world's largest importer of natural gas, and 
China's net annual import growth rate of LNG was also the highest in the 
world, accounting for 59.26% of the global increase. Traditional 
transportation methods cannot meet the supply and demand of natural gas, 
while LNG tank transportation, on the other hand, features high flexibility 
that all other current methods lack. It is suitable for both storage and 
intermodal transportation, and has a short construction period. LNG tank 
transportation also has the support of the National Development and Reform 
Commission and the National Energy Administration. Established in November 
2018, JUSDA Energy has grown as a result of favorable market conditions and 
support from policies and shareholders, and successfully secured offshore 
channels for importing LNG from Canada, Australia, and Europe to China in 
the most cost-effective way possible. In the near-term, JUSDA Energy plans 
to add 1,000 LNG tanks to meet its customers' growing needs. 
 
*Mr. LIU Zhihai, Executive Director & President of IDG Energy Investment*, 
commented: "This new cooperation with well-regarded gas companies in Japan 
demonstrates the industry's recognition of JUSDA Energy's operational 
capabilities and accumulated experience. At the same time, it further 
diversifies the available LNG import sources and routes on our "OVERSEAS LNG 
CHANNEL" platform. The recent low price of LNG has greatly increased the 
feasibility of importing spot LNG from Japan. It is precisely because of the 
speed, convenience, and JUSDA Energy has been able to secure this new import 
channel with Japan and provide a cost-effective gas supply for domestic 
end-users. As such, JUSDA Energy's future sees tremendous potential. As a 
global high-quality energy investor and asset manager, the Company is 
well-positioned to capture the opportunities arising from developments in 
the global natural gas market, and will pay close attention to importing 
routes and business in other LNG-sourcing countries in Southeast Asia, and 
continue to support JUSDA Energy's business development." 
 
- End - 
 
*About IDG Energy Investment (Stock Code: 650.HK)* 
IDG Energy Investment Limited ("IDG Energy Investment" or the "Company", 
SEHK code: 650.HK) is mainly engaged in global energy assets investment and 
management. 
 
The Company is currently focusing on China's continued deepening of energy 
system reforms, increasing demand for natural gas, and the investment 
opportunities arising from the emerging North America liquefied natural gas 
("LNG") export market due to abundant low-cost shale gas supply. The 
Company's current portfolio covers China's first non-state-owned LNG 
receiving terminal, one of the largest Canadian LNG export terminals under 
development, a fully permitted greenfield LNG export terminal in the United 
States (the "U.S."), as well as a LNG supply chain and logistic services 
provider. The Company also serves as the manager of an energy asset fund. 
The Company's other energy asset investments include an upstream crude oil 
block in China and a world-class shale oil block in Eagle Ford, Texas of the 
U.S., etc. 
 
For further information, please refer to IDG Energy Investment's website: 
www.idgenergyinv.com [1] 
 
*About JUSDA Energy Technology (Shanghai) CO., LTD.* 
JUSDA Energy Technology (Shanghai ) CO., LTD. ("JUSDA Energy") was jointly 
established by IDG Energy Investment, JUSDA (the supply chain service 
company under Foxconn), and the management team of JUSDA Energy, in which 
respectively hold 39%, 51%, and 10% equity interests. JUSDA Energy is 
engaged in LNG tank logistic solutions. LNG tanks make full use of existing 
port facilities to import LNG, bypassing the LNG receiving terminals that 
require huge capital expenditures. LNG tanks can also be transported by sea, 
land, and water, and can also function as temporary storage units. LNG tanks 
flexibly respond to changes in supply and demand, and are an important 
supplementary supply source for the natural gas market. 
 
This press release is disseminated by *Financial PR (HK) Limited* on behalf 
of *IDG Energy Investment Limited*. 
 
*IDG Energy Investment* 
Media Contact: Ms. Lydia Zhong Email: [e-mail] 
Tel: [phone] 
Business Contact: Ms. Mancy Yao Email: [e-mail] 
Tel: [phone] Ext. 8830 
Mr. Xiang Hao Email: [e-mail] 
Tel: [phone] 
 
*Financial PR (HK) Limited* 
 
Mr. Tim Yue  Email: [e-mail] 
Ms. Dawn Lee Email: [e-mail] 
Ms. Zoey Qiu Email: [e-mail] 
Tel:         [phone] 
Fax:         [phone] 
 
Document: http://n.eqs.com/c/fncls.ssp?u=JBYTNXSIRC [2] 
Document title: JUSDA Energy, IDG Energy Investment Associated Company, 
Signed MOU with Japanese Gas Company, Opening an Import Channel for 
Japan-China LNG 
 
14/10/2019 Dissemination of a Marketing Press Release, transmitted by EQS 
Group. 
The issuer is solely responsible for the content of this announcement. 
 
Media archive at www.todayir.com 
 
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=98dd72607039f9863db99dbbd931c452&application_id=889293&site_id=vwd&application_name=news 
2: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=92b292cee1866071180e77b142ebd368&application_id=889293&site_id=vwd&application_name=news 
 

(END) Dow Jones Newswires

October 13, 2019 21:00 ET (01:00 GMT)