BK Group, global trading company always with you..

Tank Containerized LNG

The Pioneer of TC LNG from Korea

November 2019,HBK successfully historically first imported ISO Tank Containerized LNG("TC LNG") from South Korea to China, which were unloaded in Qingdao port and discharged in Lianyungang.

BK's TC LNG Business Plan

BK is pursuing a plan to secure TC LNG shipping facilities at NEA HUB in Yeosu and transport them to Shandong and Hwadong areas in China, taking advantage of Korea's favorable geographical advantage and comparative advantage in LNG sourcing and supply.

ssLNG

ssLNG Business

Including five in China, there are 32 SSLNG terminals worldwide, which are operated mainly in Northern Europe, Japan andChina. n China,12 are under construction or planning, The size and operation method of each country have differentcharacteristics.

ssLNG Market in China

China has been developing ssLNG logistics for topographical reasons. At present 5 SSLNG terminals inoperation and 12 new ones under construction or planned, BK's goal is to build long-term cooperationpartnership with such customers.

BK LNG Solution (BKLS) to import its first LNG spot cargo into China.

AG&P LNG and BK LNG announce partnership for LNG imports into China.

AG&P LNG will provide BKLS with breakbulk solution to China from Cai Mep Terminal in Vietnam.

Earlier this year in April, BKLS signed a collaboration agreement with Huaying International Energy Trading to jointly secure LNG from the market to supply Huaying LNG Terminal.

The cargo will be delivered by end of August 2024.

SINGAPORE, July 11, 2024 /PRNewswire/ -- AG&P LNG, a global leader in LNG terminals and downstream infrastructure, and BK LNG Solution (BKLS), a leading provider of comprehensive LNG solutions based in Singapore, completed an agreement to introduce the first spot cargo into China, underscoring their joint commitment to meeting China's exponential LNG demand growth. This significant milestone was celebrated with a signing ceremony on 11th July 2024, with cargo delivery by end of August 2024.

The partnership signifies a pivotal moment for both AG&P LNG and BKLS, highlighting their strategic alignment in enhancing LNG supply reliability in China. AG&P LNG, renowned for its robust capabilities in LNG supply, terminals, and logistics, will leverage its global LNG sourcing expertise to ensure efficient and secure delivery of LNG to the Chinese market.

Scene of the signing ceremony, from left to right: Henry Kim, President of BK LNG Solution, Karthik Sathyamoorthy, CEO of AG&P LNG

"We are pleased to announce the signing ceremony where we formalized our agreement to bring our first spot cargo into China," said Henry Kim, President of BK LNG Solution. "This collaboration demonstrates our dedication to providing innovative and diversified LNG solutions to meet the dynamic needs of the Chinese LNG market."

In addition to the spot cargo transaction, AG&P LNG and BKLS has agreed to collaborate on Small Scale LNG (ssLNG) initiatives, utilizing the terminal at Cai Mep, Vietnam for breakbulk into China using small LNG carriers and ISO containers. This initiative underscores their commitment to expanding LNG distribution capabilities and enhancing market responsiveness across China.

The signing ceremony marks a significant step forward in AG&P LNG and BKLS's joint efforts to advance LNG solutions in China. China's LNG import market is set for substantial growth; this partnership places AG&P LNG and BKLS at the forefront of addressing the nation's evolving energy requirements.

About AG&P LNG

AG&P LNG is a global leader in developing and running LNG and gas logistics and distribution solutions. AG&P provides the infrastructure to access natural gas safely and easily in new and growing markets. We act as an owner and service provider covering the development, financing, engineering, procurement, project management and construction of onshore and offshore gas infrastructure, linking suppliers to downstream customers. www.agplng.com

About BK LNG Solutions

BK LNG Solution (BKLS) is a Singapore-based company specializing in providing comprehensive LNG solutions, dedicated to meeting global energy demands through innovation and sustainable practices. Leveraging its extensive network and expertise, BKLS delivers customized LNG solutions to international markets. www.bkwithu.com

LNG Collaboration Agreement

In a landmark development for the global energy sector, two Chinese companies have come together to ink a historic agreement aimed at fostering collaboration in the liquefied natural gas (LNG) industry. This strategic pact signifies a significant step forward for China's energy landscape and underscores the nation's commitment to diversifying its energy sources while addressing environmental concerns.

China, the world's largest energy consumer, continues to seek diversified and sustainable sources of energy to fuel its rapid economic development. LNG has emerged as a pivotal component of China's energy strategy, offering cleaner alternatives to traditional fossil fuels, and enhancing energy security.

Huaying International Energy Trading company, which is an affiliate company of Huaying Natural Gas Company, which owns 50% of the LNG receiving terminal with SINOPEC near Chaozhou Port. In alignment with China’s energy policy, it will seek and require importing multiple LNG spot cargoes and up to 6.0 MTA under term agreements.

Together with Huaying International Energy Trading Company, BKLS will take part in a collaborated effort to secure LNG from the market. BKLS will bring its LNG expertise to collaborate with Huaying International Energy Trading Company to close LNG deals.

The ceremony, attended by key stakeholders, symbolizes a commitment to cooperation and growth in the LNG industry. This collaboration will hold promise on multiple fronts, such as to foster a stable and reliable LNG supply to meet China's growing energy demands and by leveraging the network and expertise, can access diverse LNG sources and optimize procurement strategies. Both parties bring unique strengths to the table, promising a synergy that could redefine the dynamics of LNG trade in the region and beyond.

We, BK, persue to develop the best solutions in LNG business based on creativity and technology by providing the best value to our customers and grow with our partners.

LNG Business Areas

LNG terminal

Status of LNG Receiving Station(Terminal) in China(As of Mar. 2024)

Construction completed

Groundbreaking for construction

Preparing for the project

Tank Containerized LNG

The Pioneer of TC LNG from Korea

BK's TC LNG Business Plan

LNG Trading

ssLNG

Transshipment Hub

BK LNG Solution and AG&P LNG Signing Landmark Agreement

LNG Collaboration Agreement