Incorporated in Hong Kong in 2004, China LNG Shipping (Holdings) Limited ("CLNG") is a company specializing in liquefied natural gas transportation under CMG's shipping sector. CLNG is currently owned by China Merchants Energy Shipping Co., Ltd., and COSCO Shipping Energy Transportation Co., Ltd., each holding a 50% stake. CLNG is China's first professional shipping company that engages in LNG shipping research and LNG vessel investment, building supervision, and management. It led the shipping component in China's first LNG pilot program, the Guangdong LNG Project, as well as that of the subsequent Fujian and Shanghai LNG projects, which involved a total of 6 LNG vessels. It also participated as an investor in 4 LNG carriers for the Australia Queensland Project and 11 icebreaking LNG carriers for the Yamal project in Russia. The company has therefore extensive operation experience in international LNG shipping.