AEI Corp enters into framework agreement with China's Zhongneng Intl Gas for LNG business activities

ALUMINIUM producer AEI Corporation on Monday said it has entered into a"framework agreement" with Zhongneng International Gas Co to potentially collaborate on business activities involving liquefied natural gas .

Among other things, Beijing-incorporated ZNI is in the business of importing and purchasing LNG, warehousing logistics and equipment manufacturing. Zhongneng International Petrochemical Co, which is a China state-owned enterprise, holds a 51 per cent stake in ZNI. AEI also plans to participate in the establishment of structured funds for the related LNG logistics facilities and trade investment, the company noted.

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