JIC Leasing recently provided financial leasing services to a natural gas enterprise in support of the renovation and upgrading of its LNG Liquefaction Plant.

LNG (short for Liquefied Natural Gas) offers many advantages, including cleanliness and energy conservation. In recent years, China has actively supported the consumption of natural gas, prioritizing its use to protect people's livelihoods while rationally guiding the use of industrial gas and chemical raw materials. The government has also supported the use of LNG as a fuel for vehicles and ships. Implementing clean electricity and natural gas substitution are key development trends within the natural gas industry. However, China is highly dependent on natural gas coming from overseas, and imported LNG still plays an important role in increasing the country’s supply.

With the accelerated construction of domestic natural gas infrastructure, as well as the support of such policies as Peak Carbon and Carbon Neutrality, natural gas will play an increasingly important role in China’s energy supply. The share of domestic LNG plants in the liquid natural gas market will also be further increased.

The LNG liquefaction plant that forms part of this partnership has been built near major domestic oil and gas fields, and uses mature technology to liquefy natural wellhead gas into LNG, before transporting it to the surrounding industries and businesses. This can guarantee the stable supply of natural gas within the region.

JIC Leasing actively practices green development, while also promoting green and low-carbon businesses. It has increased its support for key projects related to environmental protection and technical transformation. In this way, JIC Leasing will give full play to the positive role of green financing in promoting carbon reduction, pollution reduction and green expansion.