Market Chatter: PetroChina Trading Arm to Fuel Vessel Using LNG for First Time; Hong Kong Shares Slide 3%

MT Newswires Live10-15

PetroChina's (HKG:0857) trading arm, PetroChina International, will utilize liquefied natural gas to fuel a vessel in Singapore for the first time, Reuters reported, citing Chairman Wu Junli.

The oil trading company was one of eight firms to obtain LNG bunkering licenses from the city, the report said, citing Wu.

PetroChina also obtained a license to supply methanol and is set to complete the purchase of a methanol bunker vessel on Friday, Reuters quoted Wu as saying.

The petroleum company's shares fell 3% in Hong Kong during afternoon trading on Thursday.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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