Bestobell is continuing its growth and expansion in the Chinese market, with a major new contract to supply cryogenic valves to Zhuhai City Gas Pipeline Co.Ltd in Zhuhai City.
The contract will see Bestobell manufacturing emergency shut off valves, globe valves, pressure regulators, as well as relief and check valves to the Zhuhai Qianshan LNG (Liquefied Natural Gas) Storage Station, which has a capacity of 20,000Nm3 NG/H.
Steve Fidler, Sales Director for Bestobell, said, “China has been an important market for our cryogenic valves for many years. This is an exciting new contract win which is a result of our close working relationship with our agent South China Special Gas Institute Co.”
This latest order takes the total number of Chinese storage stations using Bestobell’s valves to more than 20, helping the company to secure its position as a major supplier of cryogenic valves for land- based projects in China.
Bestobell and South China Special Gas Institute Co. Ltd have been working together for 10 years to increase the market share of cryogenic valves in China. During this time, the company has witnessed the booming development of LNG in China and supplied cryogenic valves to hundreds of LNG filling stations all around China. South China Special Gas Institute Co. has well established connections with many leading gas suppliers, tank manufacturers and cryogenic equipment suppliers in different regions all around China.
China is expected to increase the energy share of LNG, with figures showing that the growth rate of imported LNG in 2014 was 10.3% and this is set to continue for many years. As the Chinese Government plans to import more LNG to strengthen its environmental credentials, a huge number of LNG filling stations will be built in the next 5-10 years. It is estimated that the total number of LNG filling stations in 2020 will increase to 10,000, which is five times the existing number.
Over the past 10 years, Bestobell has supplied high quality cryogenic valves to many Zhuhai City gas suppliers and tank manufacturers, such as Towngas, ENN, Furuise, CIMC group, Guangxi Guanghui.