CHINA OIL & GAS has entered into a strategic cooperation agreement with Shandong Ronghui Materials Group to build an integrated upstream-downstream model centred on the Group’s subsidiary, Jining Zhongtai Coal Chemical.

The partnership, inked in May 2026, targets joint development of natural-gas liquefaction capacity. Output will be channelled to new-energy LNG vessels manufactured and operated by Shandong Ronghui, forming a full-chain “Production–Bundling–Application” ecosystem.

Scope of cooperation • Natural-gas liquefaction and upstream resource integration • Commodity trading and supply-chain finance • Equipment leasing, LNG vessel sales and sale-leaseback • Joint exploration of diversified gas-supply channels and enlarged reserve capacity

Strategic value • Extends CHINA OIL & GAS’s industrial chain and boosts utilisation of Zhongtai Coal Chemical’s capacity • Reduces capital expenditure through optimised financing structures • Secures core resources and strengthens risk control while expanding market coverage

Company profiles • CHINA OIL & GAS focuses on natural-gas investment and energy businesses across 22 provinces, guided by the mission “Developing clean energy, Creating a better life.” • Shandong Ronghui, a key state-owned enterprise under Jining Municipal Government, ranks 281st among China’s Top 500 Enterprises and operates across coal mining, power generation, LNG vessel manufacturing, port logistics and bulk-commodity trading.

Management views CHINA OIL & GAS’s collaboration with Shandong Ronghui as a catalyst for higher industrial added value and a contributor to Shandong Province’s “Gasification Canal” initiative, reinforcing the Group’s pursuit of high-quality, efficient growth.