March 30 th, 2004

Beihai XinAo Gas Company Limited (China) signed 150,000Nm 3/day LNG plant contract with Kryopak

A contract was signed today between the Beihai XinAo Gas Company Limited and Kryopak Company (d.b.a. Salof Refrigeration Co., Inc.) for the design and manufacture of a 150,000Nm 3/day Liquid Natural Gas (LNG) liquefaction plant. The LNG plant will be located on Weizhou Island, which is approximately 21 miles south of Beihai City , Guangxi Province , PR China. The LNG will be produced from a gas stream that is currently being flared at the China National Offshore Oil Company (CNOOC) Weizhou Terminal.

Kryopak Co., which is located in New Braunfels , Texas , (a sister company of Salof Refrigeration Co., Inc.) manufactures small to medium gas processing plants for the LNG and LPG markets. The XinAo Group chose Kryopak Co. due to their ability to provide a world class and power efficient LNG plant. Work has already begun on Weizhou Island to prepare the infrastructure that will be required for this project. The plant is scheduled to be operational during the first quarter of 2005.

 

 


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