China Suntien Green Energy's (HKG:0956) subsidiary Newenergy Supply Chain agreed to provide 17.24 million cubic meters, approximately 12,184,000 tons, of LNG to Caofeidian for the commissioning of two storage tanks no. 1, and no. 5, located in the Tangshan LNG terminal.
The parties expect that the price per ton will be in the range of 5,000 yuan per ton and 5,800 yuan per ton bringing the total amount to around 70.7 million yuan.
The company's shares were up nearly 3% on Friday's close
Price (HKD): $3.07, Change: $+0.080, Percent Change: +2.68%
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