• Chairman Daniel Tatjung CHIU of Fortune Oil Limited Attended China Gas Holdings Ltd. 2021 Fiscal Year Conference via Video Speech

    On 17 April 2021, China Gas Holdings Ltd. (“China Gas”) held its FY 2020 Work Review and FY 2021 Work Plan Conference with the theme of "Change to promote high-quality development and innovation to win the new journey” at the Greater China Sheraton Hotel in Futian district, Shenzhen, and at the sub-venues of China Gas Hong Kong Headquarters and Beijing branch, 70 thousand China Gas staff attended the event by video conference.

    As one of the key shareholders of China Gas, Chairman Daniel Tatjung CHIU of Fortune Oil Limited attended this event through video speech.

    In his video address, Chairman CHIU highly praised the outstanding performance achieved by China Gas staff under the leadership of the Group's management team in FY 2020. Chairman CHIU pointed out that "In the face of the epidemic and the severe and complex economic situation at home and abroad, China Gas people strived hard, in a pioneering and innovative spirit, actively implementing the Group's value chain expansion strategy and made extraordinary achievements: The upstream and downstream resources of the natural gas industry chain have been deeply integrated, the three-year battle to replace coal with gas has been successfully concluded, the rural gas business has been rapidly advanced, the warm housing project strategy has been successfully implemented in many places, the micro-pipe network business has been written into the No. 1 document of the CPC Central Committee, and the new retail vertical e-commerce business has generated greater vitality... With practical actions, China Gas has once again demonstrated the mission and responsibility to bring harmony and benefit to the whole of society; with unremitting efforts, China Gas’s employees have been making contributions to the development of the industry and the benefit of the people”.

    Regarding the milestone event that the "Rural Gas Micro-pipe Network System" solely created by China Gas has been recognized by the central government, Chairman CHIU pointed out that “the most beautiful scenery of the Rural Gas Micro-pipe Network System is not the business model itself, it’s the great contribution China Gas has made to the implementation of the national strategy for rural revitalization, to the change of China's rural lifestyle in several thousand years, and to the realization of the nation’s modernization development”.

    Chairman CHIU expressed his heartfelt thanks to the hard work and dedication of the China Gas management team headed by Chairman Liu Minghui and CEO Huang Yong, and the China Gas employees and their family members over the past year and paid the highest tribute to the great contributions China Gas people have made to the country and society, and expressed his heartfelt pride of being a shareholder of such an invincible team with cohesive force and fighting ability.

    FY 2021 is a year full of challenges and hopes, at the same time, it’s also the first year for the implementation of the nation’s 14th Five-Year Plan. Chairman CHIU hopes that “the China Gas team will at all times keep a clear mind, firmly grasp all the opportunities of the acceleration of industry marketization reform and the "gas to the countryside" policy proposed by the No. 1 document of the CPC Central Committee, and continue to deeply cultivate its traditional gas market, pay close attention to the value chain expansion, strive to achieve more efficient, higher quality and more sustainable development, and driven by the spirit of “undertaking the national mission and responsibilities”, continue with its brilliant performance results, to present a unique birthday gift for the glorious moment of the Group's upcoming 20th anniversary ".


  • The Three Shareholders of South China Bluesky Aviation Oil Company Limited (“Bluesky”) Signed a Memorandum of Understanding for Joint Venture Cooperation

    On 3 December 2020, the signing ceremony of the Memorandum of Understanding for Bluesky Joint Venture Cooperation was held in the command hall of the office tower, China National Aviation Fuel Group Corporation (“CNAF Group”), CNAF Group Chairman Mr. Zhou Qiang, BP Aviation CEO Mr. Martin Thomsen, and Chairman of Fortune Oil Limited Mr. Daniel Tatjung Chiu, together with the three shareholder representatives participated in the signing ceremony via a combination of on-site participation and video conference.

    The signing ceremony started with the speeches from CNAF Group Chairman Mr. Zhou Qiang, BP Aviation CEO Mr. Martin Thomsen and Fortune Oil Chairman Mr. Daniel Tatjung Chiu, and then the Memorandum of Understanding for Joint Venture Cooperation was signed by the three parties’ authorized representatives; CNAF Group Vice President Mr. Zhang Zhigang, General Manager of BP (China) Investment Co., Ltd., Mr. Han Renhua, and Fortune Oil Director (Enterprise Project Management) Mr. Gao Yimin. The signing ceremony is a new starting point for Bluesky’s future development.

    In his speech, Chairman Daniel Tatjung Chiu thanked Chairman Zhou Qiang for his commitment to the continuation of Bluesky's joint venture cooperation, and for the all the support from theCNAF Group leaders and working group members for their efficient work, which has enabled Bluesky to start a new journey of future development on the basis of mutual trust and benefit.

    Chairman Daniel Tatjung Chiu said that, as Bluesky's founding shareholder, Fortune Oil has a deep feeling for Bluesky, and is confident in its continued cooperation with CNAF Group. As always, Fortune Oil will continue to work with CNAF Group and BP, maintaining the original intention of the cooperation, forging ahead and with this renewed cooperation, make Bluesky even bigger and stronger, and through Bluesky, support the motherland's economic and social development and prosperity.

    Chairman Daniel Tatjung Chiu also pointed out that the construction of the Guangdong-Hong Kong-Macao Greater Bay Area is a major national development strategy. As a Hong Kong SAR based enterprise that has made long-term investment in the Mainland, Fortune Oil will use its advantages and resources to assist Bluesky to participate in the construction and development of the Greater Bay Area. I wish Bluesky’s joint venture cooperation a complete success!

    The members of Fortune Oil Limited participating in the signing ceremony include Chief Executive Officer Mme. Li Ching, Technical and Business Development Director Dr. Michael Jones, Chief Financial Officer Mr. Paul Kwong, Associate Director (Project and Finance) Mr. He Guo, Director (International Trade) Mr. Ye Qing and Director (Investment & Development) Mr. Gong Min.


  • FORTUNE OIL’S GROUP LEADER JOINED CHINA GAS CHARITY FOUNDATION ACTIVITY REWARDING MODEL EMPLOYEES AND DELIVERING WARM HOLIDAY GREETINGS TO FRONT LINE STAFF

    From 14 to 18 September 2020, Fortune Oil Chief Executive Officer Mme. Li Ching, in her capacity as Chairman of China Gas Charity Foundation, joined the activity of “Rewarding Model Employees and Delivering Warm Holiday Greetings to Frontline Staff” together with six leaders from the China Gas Charity Foundation and China Gas Employee Care Committee. Despite the current severe epidemic situation, the visiting delegation members dividing into two groups respectively and visited the 8 work sites of Wuhan, Huanggang, Jinan, Nanjing, Nanning, Beijing and Hohhot etc, across China Gas’s 5 major regions of Central, East, South, North and Northwest regions. They greeted the frontline hard-working staff who have performed extremely well in holding their posts, fighting against the epidemic and floods and protecting people's livelihood; and rewarded the winners of FY 2019 Elite List, all which have greatly boosted the employee’s morale and encourage them to fight for the half-fiscal year targets.

    During her visit to the work site in Beijing, Chairman Li affectionately remarked that the high-quality and rapid development of China Gas Group in recent years is inseparable from the hard working and dedication of the majority of grassroots cadres and employees. Strong mobilization and execution power are the cornerstones to ensure China Gas’s continuous development. Every China Gas employee deserves applause from all of us. In the face of difficulties, leaders at all levels must pay more attention to the physical and mental health of employees and take the initiative to solve their problems in a way to accelerate the further implementation of China Gas’s excellent corporate culture and enhance employees’ sense of identity and belonging. As in one big family, the China Gas Charity Foundation and Employee Care Committee are there to support all China Gas employees, whenever encountering any difficulties, the employees can report to the Group at any time, China Gas will never leave each of its brothers and sisters behind.

    After the two groups’ respective visits, all the visiting delegation members gathered in Wuhan. At a symposium, Chairman Li pointed out that it is a memorable day to gather in Wuhan. Facing the epidemic and flooding, the colleagues in Central region have taken initiatives and demonstrated extremely strong execution and mobilization power, and therefore won the respect of all sectors of society and the high recognition of the government. She encouraged all colleagues in the Central region to continue with their efforts and anti-epidemic spirits to push business to a new height.

    At the critical moment of fighting for the 2020 half year target, the delegation’s 5 day visit have greatly boosted the morale and spirits of the front-line employees. The front-line cadres and employees have expressed their view that they will continue to follow the Group’s deployment and go all out to complete the various tasks assigned by the Group and make greater contributions to the Group’s future development.


  • FORTUNE OIL DELEGATION VISITED FRONTLINE STAFF OF BLUESKY GUANGDONG BRANCH

    On 2 September 2020, Fortune Oil Chief Executive Officer and Vice Chairman of the South China Bluesky Aviation Oil Company Limited (“Bluesky”) Mme. Li Ching led a Fortune Oil delegation to the Bluesky Guangdong Branch, conveying Fortune Oil’s sincere greetings to all of the frontline staff.

    Vice Chairman Li listened to Guangdong Branch's work report on safety management, epidemic prevention and control, and hot weather work protection and other topics. She emphasized that since the outbreak of the epidemic, all Bluesky employees have united and worked together, and thoroughly implemented the “Four Requirements” set by General Secretary Xi Jinping for epidemic prevention and control, i.e. “ to strengthen confidence, work together, use scientific methods to guide prevention and control work, and to accurately implement policies ", and have achieved the epidemic prevention results of zero confirmed and zero suspected cases of all employees and their families. Under the epidemic situation, production and operations have withstood major tests, Bluesky took the initiative to increase revenue, reduce expenditure and minimize the losses caused by the epidemic. Vice Chairman Li expressed her heartfelt thanks to all employees in the Guangdong Branch for their hardworking and good performance in ensuring the safety of the aviation fuel supply.

    Vice Chairman Li pointed out that this year marks the 30th anniversary of the establishment of China National Aviation Fuel Group Limited ("CNAF") and the 23rd anniversary of the joint venture - Bluesky. Not long ago, CNAF Group Chairman Mr. Zhou Qiang completed the investigation and research of the work at Bluesky, during which, he proposed the role of "Three Demonstrations" for Bluesky and other CNAF units in southern China, i.e. demonstration in management, demonstration in safety, and demonstration in party building. The "Three Demonstrations" is a full affirmation of Bluesky’s safety production, operation management, and team building, and also a full affirmation of the concerted efforts and win-win cooperation and success of Bluesky’s three shareholders. As one of the shareholders, Fortune Oil will continue to play an active role in the future development of the joint venture, and jointly create a better tomorrow for Bluesky.

    Accompanied by Bluesky General Manager Mr. Lin Yi and Deputy General Manager Mr. Zhang Haiqun, Vice Chairman Li and her delegation members went to Guangzhou Airport Oil Depot, Guangdong Fuel Supply Engineering Command and other units to have cordial talks with employees on daily work and life. and encourage them to act actively, demonstrate talents, and create bright future.

    General Manager Lin Yi thanked Fortune Oil’s care and support to Bluesky, saying that Bluesky will continue to do a good job of safety work under the normal conditions of epidemic prevention and control, and make positive contributions to Bluesky’s high-quality development.

    Accompanying Vice Chairman Li on the visit to Guangdong Branch included Fortune Oil Director (Corporate Project Management) and Director of Bluesky Mr. Gao Yimin, Fortune Oil Director (Investment & Development) Mr. Gong Min and Deputy General Manager of Bluesky Mr. Zhang Haiqun.


  • Signing Ceremony for the Delivery of “CHINAGAS GLORY”- the Second 84,000m3 VLGC (VERY LARGE GAS CARRIER) Held in Jiangnan Shipyard

    On 15 July 2020, the signing ceremony was held for the delivery of “CHINAGAS GLORY”- the second 84,000m3 VLGC (“VERY LARGE GAS CARRIER”) at the Jiangnan Shipyard, Shanghai. On behalf of the owner and builder of the VLGC, Mr. Lu Pinglang, the representative of China Gas Fortune Marine Transportation Limited and Mr. Zhang Jian, Deputy General Manager of Jiangnan Shipyard (Group) Co., Ltd. expressed their heartfelt thanks to Jiangnan Shipyard (Group) Co., Ltd, Wah Kwong Ship Management (Hong Kong) Limited, and the other ship building teams for over one year’s hard work to ensure the timely and safe delivery of the two VLGCs. China Gas Fortune Marine Transportation Limited presented Jiangnan Shipyard (Group) Co., Ltd, with a pennant that read "Service First, Exquisite Skills, Carrying Glory and Rewriting Legends".

    “CHINAGAS GLORY” is the sister ship of “CHINAGAS LEGEND” delivered in June this year, Both of the two VLGCs are of the same design with a storage capacity of 84,000 m3 of liquefied petroleum gas (“LPG”). Both “CHINAGAS LEGEND” and “CHINAGAS GLORY” have been delivered to China Gas, principally to support China Gas's own freight on board (“FOB”) cargo procurement and transportation.

    At present, “CHINAGAS LEGEND” is completing its’ maiden voyage from the United States with a full cargo of LPG. It is expected to arrive at Mailiao Port in Taiwan for unloading in early August. “CHINAGAS GLORY” plans to go to the petrochemical storage and transportation base in Xiaomen Island, Wenzhou on 16 July. After completing the gas test on 23 July it will enter normal operations and is due to pass through the Panama Canal and arrive at Netherland Port in the United States of America (“USA”) for loading on 26-28 August, and return to China in late September.

    The LPG to be loaded onto “CHINAGAS GLORY” is the first cargo that China Gas will have purchased from the USA through FOB trade. The supplier is Lone Star, a subsidiary of Energy Transfer Partner (“ETP”), a well-known midstream pipeline and gas separation, storage and transportation, and export facility operator in the USA. ETP is the second largest LPG exporter in the USA. It operates export terminals and storage projects in Nederland and Marcus Hook, in the Gulf of Mexico and the East Coast of the USA, with an annual export volume of over 10 million tonnes.

    Through the new resource acquisition mode of FOB procurement, China Gas has extended its business to upstream suppliers, which will help its LPG trading business to obtain new competitiveness and development opportunities. This is a major new milestone in the development of China Gas's LPG business.


  • Ten years of commitment to forge a dream -- Record of History of China Gas Chongqing Fujiang LNG Fueling Terminal Project

    On 19 June 2020, to the sound of a long whistle, two LNG ships - "New Yangtze River 26007" of China Yangtze River Shipping Group Co. LTD and "Gangsheng 1005" of Chongqing Port Management Group, became the first LNG powered ships to ever pass through the locks of the Three Gorges Dam. This demonstration opens a new chapter for LNG clean energy powered ships on shipping routes along the whole length of the Yangtze River.

    Since 2010, to support the national strategic goal of "gasifying the Yangtze River", China Gas Fujiang Company has been actively involved in the commercialisation of fuel to gas conversion of ships on the Yangtze River. In 2012, in cooperation with China Yangtze River Shipping Group Co. LTD, the company successfully converted the Changxun III freighter, and became the first LNG ship in China to receive the dual-fuel ship airworthiness certificate issued by the Maritime Safety Administration. Subsequently, China Gas Group started the construction of three ship filling stations in Chongqing, Ezhou and Taizhou along the upper, middle and lower reaches of the Yangtze River, and took the lead in the investment and construction of Chongqing ship filling station. The company has overcome many difficulties during the construction of the ship filling station as this was the first ship filling station of this type in China and therefore standards and approval processes were still under development. However, with strong determination, Chongqing Fujiang Company completed the construction of Chongqing filling station at the end of 2016, and commenced LNG filling service for ships in November 2019.

    With the cooperation and support of Chongqing filling station team, the two LNG powered ships completed their nitrogen purge and pressure tests on the LNG system. After filling LNG, the ship navigation experiment and emergency drill in case of an LNG release were carried out successively. On 12 and 13 June, the two ships docked at Chongqing filling station, completed LNG filling, and set off for Shanghai. The two dual-fuel powered ships passed through the Three Gorges Dam safely and verified the safety and feasibility of the passage through the Three Gorges Dam lock of LNG powered ships. This will help to support the development of LNG fueled shipping vessels in the Yangtze River, and open a new chapter for the green and environmental protection of inland river shipping in China!

    After ten years and in the face of many challenges what has not changed is the commitment and determination of the China Gas team. Today's joy is the reward of ten years of hard work. As the initiator and promoter of the Yangtze River clean energy application project, Fortune Oil Group is proud of all those who have worked hard on this project. It takes time to break through the clouds and see the sky and we wish China Gas our congratulations on opening this new chapter in its long voyage.


  • Ian R Taylor Passed away on 8 June 2020

    It was with great sadness to hear that Ian Taylor, one of Fortune Oil Limited former Directors, had passed away. Without Ian’s insight and drive Fortune Oil would not be the company that it is today. Ian was instrumental in setting up the very first of Fortune Oils’ businesses almost 30 years ago.

    This was a time when China needed partners like Fortune Oil and Vitol to provide the technology, capital and energy to support the rapid growth as China welcomed in its first foreign partners. Together with Ian Taylor and Vitol Fortune Oil successfully established the joint venture with Sinopec to import the first batch of crude oil into China from the Middle East. With China National Aviation Fuels Fortune Oil and Vitol established the Bluesky joint venture to provide safe and reliable jet fuel supply across southern and central China to support the expanding aviation industry as more and more Chinese citizens needed to fly both domestically and internationally. And together with Vitol we supported Petrochina’s entry in to the southern fuels market with the West Zhuhai jetty and storage terminal.

    Throughout these projects Ian was key to guiding Fortune Oil and he will be sadly missed. However, although we look back in sadness at all these achievements, Fortune Oil sees that the best way to honour Ian will be to continue to look forward using the platform he helped establish in Fortune Oil and together with Vitol continue to supply China with its energy needs and continue on the journey which Ian was instrumental in starting with Fortune Oil.

    Fortune Oil Limited


  • The Deepest Condolences on the Death of Mr. Ian Taylor My Life Coach and My Friend for Over 30 Years

    Thirty-three years ago, when I was at the starting point of my career, I was very lucky to have met Mr. Taylor in London. I was so moved by his sincerity in our friendship, trust, and encouragement, and I respected his extraordinary vision and passion. Our shared values and aspirations hence led Mr. Taylor and me, and Fortune and Vitol together for over thirty years of entrepreneurship and development. Sharing the same belief in investing in China’s energy market, Mr. Taylor and I, in the early 90s, started our first cooperation –– the Single Point Mooring System (‘SPM’) project in Maoming, which was a meaningful milestone. After that, Fortune Oil was established and then listed in London, became the first batch of foreign investment companies in China’s energy market. In 1987, Fortune Oil was the first company that brought crude oil into China. Under the reform and opening up of China, Fortune Oil gained remarkable achievements in its business and made an impressive contribution to the Country’s energy development with our partners in China.

    Over the past 30 years, Mr. Taylor and I were like-minded true friends. I was grateful that his passion for career, resistance and humility benefited my life. At all times of the development of Fortune Oil, Mr. Taylor was always the Director of the Company and the key influencer to the strategic positioning of Fortune Oil. Vitol, led by Mr. Taylor, has been the most important shareholder and strategic partner of Fortune Oil.

    I will always remember the last time I met him at the hospital. Despite that he was suffered by illness and could no longer able to talk, he wrote his last advice to me: “Never Give Up”, and encouraged me with his clenched fist… This unforgettable memory will always admonish me for facing difficulties and challenges with positivity, optimism, and resilience, today and in the future.

    I hope this message will extend my deepest gratitude and sympathy on the occasion of the death of my life coach and my true friend Mr. Taylor.

    Daniel Tatjung CHIU

    Chairman of Fortune Oil Limited


  • FORTUNE OIL LIMITED AND CHINA GAS HOLDINGS LIMITED JOINTLY NOW OWN TWO WORLD LEADING VLGCS (VERY LARGE GAS CARRIERS) AND HAVE PROUDLY NAMED THEM AS “CHINAGAS LEGEND” AND “CHINAGAS GLORY”

    On 28 May 2020, the naming ceremony of two newly built VLGCs (Very Large Gas Carriers), jointly owned by Fortune Oil Limited and China Gas Holdings Limited, through their joint venture - China Gas Fortune Marine Transportation Limited, was held in Jiangnan Shipyard located on Changxing island, Shanghai. To the sound of a long and loud whistle, Ms. Liu Chang, Executive Director & Vice President of China Gas Holdings Limited and Mme. Cheng Hong, representative of Mme. Li Ching, Chief Executive Officer of Fortune Oil Limited and the Executive Director of China Gas Holdings limited, pressed the button which sent celebratory ribbons flying into the sky and the names of the two VLGCs -“CHINAGAS LEGEND” and “CHINAGAS GLORY” were unveiled. More than 100 guests from over 30 enterprises from the LPG trade, finance and shipping industry warmly applauded in congratulation.

    Mr. Liu Ming Hui, Executive Chairman of the Board, Managing Director and President of China Gas Holdings Limited and Mr. Ye Qing, Vice President and Director (International Trade) of Fortune Oil Limited and General Manager of China Gas Fortune Marine Transportation Limited, both expressed their heartfelt thanks to Jiangnan Shipyard (Group) Co., Ltd, Wah Kwong Ship Management (Hong Kong) Limited and the other ship building teams for their great efforts in overcoming the impact of the epidemic and ensuring the timely and safe delivery of the two VLGCs.

    “CHINAGAS LEGEND” and “CHINAGAS GLORY” fall within the 2nd generation VLGC (type class Panda 84P) designed by Jiangnan Shipyard (Group) Co., Ltd. with a total length of 230 metres, width 36.6 metres, depth 22.2 metres, designed draught 11.4 metres, structural draught of 12 metres and capacity of 45,000 tons (84,000 cubic metres) of LPG. Classified by the internationally renowned safety standards company Bureau Veritas, and flying under the flag of Hong Kong (SAR) they are the world’s most advanced ocean-going liquefied gas refrigeration vessels, equipped with the latest technologies and in compliance with all the international maritime standards.

    “CHINAGAS LEGEND” will be put into operation after the naming ceremony, and “CHINAGAS GLORY”’s installation, testing and delivery will be completed in mid-July 2020.

    The operation of these two ocean-going liquefied gas refrigeration vessels will strengthen China Gas’s LPG business across the international LPG supply and trading market, enabling it to capture value across the entire LPG trade value chain. The two VLGCs, will be capable of supplying over 700,000 tons per year of LPG from overseas loading ports to the China Gas’s terminal warehouse facilities along the coast of China, from where the LPG will be distributed to the thousands of households and commercial and industrial customers through China Gas’s distribution channels. Establishing a fully integrate LPG supply chain is a significant milestone in establishing China Gas as one of the leading LPG suppliers in China.

    Fortune Oil Director (Investment & Development) M. Gong Min, Fortune Oil Director (Enterprise Project Management) Mr. Gao Yimin, related colleagues of China Gas Fortune Marine Transportation Limited and Fortune Oil Trade Department also attended the naming ceremony.


  • Chairman Daniel Tatjung CHIU of Fortune Oil Limited Attended China Gas FY 2020 Conference and Delivered a Speech

    Under the background of the global fight against the epidemic, China Gas FY 2019 Work Review and FY 2020 Work Plan Conference with the theme of “Working Together to Overcome Difficulties and Reaching New Heights Through Change and Innovation” was held by cloud video conference, in the main venue of the China Gas Headquarters in Shenzhen and the nine regional branch offices on April 16 2020. As one of the key shareholders of China Gas, Chairman Daniel Tatjung CHIU of Fortune Oil Limited, delivered an important speech to the board of directors, management team and all the sixty thousand colleagues of China Gas.

    Chairman CHIU highly praised the strong determination, courage and team work demonstrated by all of China Gas to overcome the difficulties during the current crisis. The complex and ever-changing political and economic situation at home and abroad during the epidemic crisis of FY 2019 has brought unprecedented difficulties and challenges to the business development of China Gas. Under the strong leadership of the management team, the hard work of China Gas’s people, together with the spirit of change and innovation, China Gas has pushed forward the development of all the businesses to a new level in the fight of ensure the uninterrupted gas supply and thereby protect people’s livelihoods. In this time of the national crisis, China Gas’s people, with their sincerity and dedication, have helped the government’s fight against the epidemic, and solve the needs of the people, and thus achieved an excellent response in support of the country.

    On behalf of Fortune Oil Limited, Chairman CHIU expressed his heartfelt thanks to the hard work and dedication of the China Gas management team headed by President Liu Minghui and CEO Huang Yong, and the China Gas employees and their family members over the past year and paid the highest tribute to the great contributions China Gas’s people have made to the country and society, and expressed his heartfelt pride of being a shareholder of such an invincible team of China Gas.

    Chairman CHIU hopes that the China Gas team will continue to take the initiative, meeting all future opportunities and challenges, actively respond to the national calls, deeply cultivate its traditional gas market, innovate the business development model, comprehensively expand the value chain of the company's business, and inject new energy and vitality to the sustainable development of China Gas.

    Among all the agendas of the conference, the most exciting, gratifying and proud moment for Chairman CHIU and the Fortune Oil management team was when it was announced that Fortune Liulin Gas Co., Ltd. was to be awarded the Best Management Team of China Gas FY 2019 Elite List. At the award ceremony, Mr. Huang Yong, CEO of China Gas Group, praised Fortune Liulin for "implementing scientific management, practicing the China Gas culture, enhancing team cohesion, maintaining corporate competitiveness, successfully completing various performance indicators, and helping China Gas to realize steady and healthy development. With their excellent performance. Fortune Liulin has demonstrated what is the true team spirit".


  • The latest Release of Fortune Oil’s Donation to the Fight Against the Epidemic

    The China Gas Charity Foundation (“the Foundation”), which is established and funded by China Gas Holdings Limited, Fortune Oil Limited and other co-operative parties, decided on 7 February 2020, to donate another Hong Kong Dollars Fifteen Million to some provinces and cities to assist local governments in epidemic prevention and control. Of this donation Hong Kong Dollars Five Million will be used to purchase anti-epidemic protection materials to support frontline anti-epidemic personnel. Together with the first Hong Kong Dollars Fifteen Million donated to some cities in Hubei and Henan provinces on 30 January 2020, the Foundation has accumulatively donated Hong Kong Dollars Thirty Million. The continuous donation by the Foundation fully demonstrates its mission and responsibility to bring harmony and benefit to the whole of society.

    Since the outbreak of the epidemic, in addition to the donations by the Foundation, all the project companies of China Gas Holdings Limited around the country have, in response to local governments’ calls, actively involved in the front line epidemic prevention work, by overcoming various difficulties in times of crisis. This includes ensuring stable gas supply to cities and providing emergency gas supply to existing and newly established medical institutions thereby supporting the government’s fight against the epidemic, and therefore gaining the fullest respect from the government and all sectors of the society.

    As one of the major shareholders of China Gas Holdings Limited, Fortune Oil deeply respects the fulfillment of corporate social responsibilities by China Gas management team and the heroic deeds by the brave China Gas frontline staff.


  • FORTUNE OIL, WORKING HAND IN HAND TO HELP THE REGIONS THAT ARE BEING AFFECTED BY THE CURRENT EPIDEMIC

    In response to the current severe epidemic situation in different regions, The China Gas Charity Foundation (“the Foundation”), which is established and funded by China Gas Holdings Limited, Fortune Oil Limited and other co-operative parties, has decided, on the evening of 30 January 2020, to donate Hong Kong Dollars Fifteen Million to cities in Hubei Province and Henan Province for the prevention and control of the epidemic. Of this donation Hong Kong Dollars Five Million will be used to purchase anti-epidemic protective materials. The lead representative of the Foundation explained that this is the first batch of donations and others would be arranged further according to the future situation of the epidemic. Prior to this donation, Fortune Oil, as the shareholder of South China Bluesky Aviation Oil Company Limited (“Bluesky”), had donated a batch of face masks to support the front line Bluseky’s Hubei Branch staff combating the epidemic.

    As an energy company developed in China for more than 25 years, Fortune Oil will continue to work with its Chinese partners to overcome the current difficulties and make positive contributions to the fight against and overcoming the epidemic.


  • Fortune Oil Delegation Visited Frontline Staff of Bluesky Hunan Branch

    On the eve of the 70th anniversary of the founding of the Peoples Republic of China (“P.R.C.”), Fortune Oil Chief Executive Officer and Vice Chairman of South China Bluesky Aviation Oil Company Limited (“Bluesky”) Mme. Li Ching led a Fortune Oil delegation to Bluesky Hunan Branch, conveying Fortune Oil’s sincere National Day holidays’ greetings and blessings to all the frontline staff and construction site workers.

    Accompanying Vice Chairman Li Ching on the visit to the Hunan Branch included Mr. Gao Yimin, Director (Corporate Project Management) of Fortune Oil and Director of Bluesky, Ms. Lv Xiaochun, Deputy General Manager of Guangzhou Fortune Oil Company Limited, and Mr. Zhang Haiqun, Deputy General Manager of Bluesky.

    The Fortune Oil delegation visited Changsha Airport fuel storage terminal, Yijiawan fuel unloading facilities, and the construction site of Changsha aviation fuel supply project headquarters. Wherever they went, Vice Chairman Li and her delegation had cordial talks with frontline leaders and staff on the status of business development and on the staff's daily work and life. Vice Chairman Li thanked all of the frontline staff for the good performance they’ve achieved in the safe and reliable fuel supply and fuel supply project construction, and on behalf of Bluesky shareholders, sent warm holiday greetings and blessings to all of them.

    Bluesky is a Sino-foreign joint venture established by China National Aviation Fuels, Fortune Oil and other partners since the 1990s, and is also one of the major regional energy infrastructure projects in which Fortune Oil has participated. Vice Chairman Li fondly recalled that Fortune Oil has actively participated in the construction and investment of the P.R.C.’s energy market, and with the reform and open-up policy, helped to introduce advanced technology and management models to the joint venture, and the development of Bluesky has witnessed all of these proud processes. At present, Fortune Oil with its’ long-term perspective, is working with all the shareholders to actively promote the operation of the affiliated small airports and general aviation business development. On the eve of the National Day holidays, Vice Chairman Li thanked all staff’s hardworking and dedication, and wished all Bluesky staff and their families happy, healthy and good luck.


  • Leaders of Fortune Oil Group Visited Frontline Staff of Fortune Liulin Gas Co., Ltd.

    On 22 September, 2018, Fortune Oil Executive Director Mme. Li Ching, in her capacity as Chairman of China Gas Charity Foundation visited the frontline staff of Fortune Liulin Gas Co., Ltd. in Liulin County, Shanxi Province, conveying the most sincere Mid-Autumn Festival and National Day holidays’ warm greetings and blessings from Fortune Oil Group and China Gas Charity Foundation to the frontline staff and their family members. Relevant leaders of China Gas Holdings Limited and the Chinese partner of Fortune Liulin CBM project also joined the visit.

    Fortune Liulin CBM project has been in development for 12 years, which filled with the persistence and hardship of all the Fortune Oil colleagues who have paid great efforts for this project. After years of unremitting efforts, including rigorous geological exploration, technical testing, effective and successful pilot production operation, the project’s Overall Development Plan (“ODP”) finally obtained the official approval by the National Development and Reform Commission on September 19, 2018. This indicates that the Liulin CBM project is about to enter the stage of commercial development, and strives for constructing the 350 million cubic meters per year production capacity in accordance with the “ODP” target in the first half of next year. As a national major science and technology demonstration project, with the approval of the joint committee of both the Chinese and Foreign parties, the project’s sales revenue generated during the trial production operation, has also entered the stage of investment recovery under the Product Sharing Contract ("PSC").

    Re-visited Liulin on the Loess Plateau, and met with on-duty staff and former Fortune Oil colleagues at the well site, Mme. Li Ching felt very excited and touched. On behalf of Fortune Oil Group and China Gas Charity Foundation, she conveyed warm holiday greetings and blessings to all of them and expressed deep gratitude to all their hardworking and contribution, she also wished that the Liulin CBM project would develop smoothly and achieve more progress in future.


  • China Gas Fortune Marine Transportation Limited and Jiangnan Shipyard (Group) Co., Ltd. held a steel cutting celebration ceremony for Carrier H2635,the first of the Two 84,000 Cubic Meter Very Large Gas Carriers ("VLGC")

    On 16 August 2018, China Gas Fortune Marine Transportation Limited and Jiangnan Shipyard (Group) Co., Ltd. held a steel cutting celebration ceremony in Shanghai for Carrier H2635,the first of the Two 84,000 Cubic Meter Very Large Gas Carriers ("VLGC"). Attending the ceremony were representatives from Fortune Oil Limited, China Gas Holdings Limited, China Gas Fortune Marine Transportation Limited, Jiangnan Shipyard (Group) Co., Ltd., CSSC (Hong Kong) Shipping Company Limited, Bureau Veritas Marine China Co., Ltd and other related cooperation partners.

    This type of VLGC falls within the 2nd generation VLGC (Panda 84P), which is designed by Jiangnan Shipyard (Group) Co., Ltd., It’s total length is 230 meters, width 36.6 meters, depth 22.2 meters, designed draught 11.4 meters, structural draught of 12 meters and capacity of 84,000 cubic meters. It meets all of the latest international standards including IMO Tier III control and IGC Code standard.

    China Gas Fortune Marine transportation Limited is a newly established company jointly owned by Fortune Oil Limited and China Gas Holdings Limited. Its operations are focused on liquefied petroleum gas ("LPG"), liquefied natural gas ("LNG") and other liquid cargo vessel transportation management and associated businesses.

    China Gas Fortune Marine Transportation Limited and Jiangnan Shipyard (Group) Co., Ltd. held a ceremony in Shanghai on 3 January 2018, to sign a building contract for two 84,000 cubic meter VLGCs, which marked the beginning of the cooperation between the two companies. We believe that this marked a new chapter in cooperation between the two companies.


  • Fortune Oil Sent Mid-Autumn Festival Greetings and Wishes to Frontline Staff of Bluesky Guangxi Branch

    Before the Mid-Autumn Festival of 2018, entrusted by Fortune Oil Group management, a Fortune Oil delegation composed of Mr. Gao Yimin, General Manager of Project Investment Management Department and Director of Bluesky, Mr. Archer Lee, Assistant Financial Controller and Ms. Lv Xiaochun, Deputy General Manager of Guangzhou Fortune Oil Company Limited visited the frontline staff in the aviation fuel supply stations in Hechi, Liuzhou and Wuzhou airports operated by Bluesky Guangxi Branch. The delegation conveyed Fortune Oil’s most sincere holiday greetings and blessings to the frontline staff and their family members.

    Hechi Airport is located at the Jiantang mountain at a height of 677 meters. It is potentially one of the most dangerous mountain airports in China due to the mountains surrounding the airport and it is also one of the most difficult airports currently being managed by Bluesky. Since the opening of Hechi Airport four years ago, the four staff at the supply station have overcome various difficulties including inconvenient transportation, shortage of fresh vegetables, no access to water supply etc., worked extremely hard and successfully performed their day-to-day duties winning high praises form management team and neighboring partners. Liuzhou is an important industrial town in Guangxi. The 11 staff in Liuzhou Airport provides safe fuel supply to 20 aircraft on a day to day basis. Wuzhou Airport is one of the 16 airports which Bluesky provided aviation fuel services at the initial stage. Currently, the airport’s relocation plan is underway, the equipment at the airport are in functional mode and the staff there are actively preparing for more challenging tasks in the new airport next year.

    The Fortune Oil delegation was deeply impressed with the Bluesky frontline team’s spirit, their pragmatic approach, innovation, responsibility and harmony. The delegation was also very pleased with the successful implementation of the shareholder’s strategy, that all airports, whether large or small, those owned and operated by Bluesky or affiliated airports where Bluesky provides operating services only, they are all part of the Bluesky group and are therefore treated with the same level of importance.


  • South China Bluesky Aviation Oil Company Limited Symposium and High Quality Development Forum to Celebrate Its 20th Anniversary

    On 19 July 2018, South China Bluesky Aviation Oil Company Limited ("Bluesky") held the "20th Anniversary Symposium and High Quality Development Forum." in Guangzhou. Nearly 70 people attended the events including the leaders of China National Aviation Fuel Group Corporation (CNAF Group), management from the headquarters and affiliates of Bluesky, and Bluesky staff and shareholder representatives. The participants reviewed Bluesky’s 20 year development and wished for its continued success in the future. This is also a new starting point for Bluesky to contribute to a better and greater development in the national civil aviation industries. A delegation of senior staff from Fortune Oil led by Mme. Li Ching, Fortune Oil Executive Director and Bluesky Vice Chairman, attended this important event which was a significant milestone in the history of Bluesky’s development.

    Bluesky’s 20 year successful operation coincided with the historical process under the reform and opening polices in China with great progress in respect of national economic development and social affairs. Since Bluesky’s establishment in 1998, it has been responsible for sourcing, storage, transportation, sales and refueling services in aviation fuel at the airports under its responsibility. The number of airports Bluesky provides services to has increased from 16 airports when Bluesky started its operations to currently 27 airports. Today Bluesky supplies fuel to 165 airlines, up from the 30 airlines it supplied when the joint venture was first established. Bluesky provided safe and reliable fuel to 140,400 aircraft in 1999 and this has increased to 692,000. The annual sales of aviation fuel also increased from 681,000 tonnes in 1999 to 5.1 million tonnes, accounting for nearly 17% of China's aviation refueling market.

    As one of the founding shareholders of Bluesky, Fortune Oil is extremely proud of such remarkable achievements made by the joint venture. On behalf of Fortune Oil, Mme. Li in her speech affectionately recalled Bluesky’s development history and expressed her highest respect and heartfelt gratitude to all fellows, including superiors from previous and existing management, colleagues, shareholders and airline customers, who have made every endeavor to contribute to Bluesky’s success. Mme. Li also sincerely wished that Bluesky will achieve further tremendous accomplishment based on its solid and robust business foundation.

    Other Fortune Oil delegation members attending the events also included Dr. Michael Jones, Technical and Business Development Director; Mr. Archer Lee, Assistant Financial Controller; Mr. Gao Yimin, General Manager of Project and Investment; Mr. Zhang Haiqun, Deputy General Manager of Bluesky; Mr. Xiong Xiaoping, Advisor to General Manager of Bluesky and Mr. Dong Xianjun, Member of Investment Committee in Bluesky.


  • Fortune Oil Sent Representatives to Convey Greetings and Appreciation
    to Bluesky Frontline Employees

    On 6 and 7 February 2018, entrusted by Mme. Li Ching, Executive Director of Fortune Oil Limited and Vice Chairman of South China Bluesky Aviation Oil Company Limited (“Bluesky”) , and accompanied by Mr. Gao Yimin, Director of Bluesky and General Manager of Fortune Oil Limited Project & Investment, Ms. Lv Xiaochun, Deputy General Manager of Guangzhou Fortune Oil Company Limited visited Bluesky Hubei Enshi Station and Bluesky Changsha Yi Jia Wan oil discharging Stations, conveying appreciations and New Year greetings from the management team to the frontline employees.

    Enshi airport is an important gateway to western Hubei Province with nearly 400 flights every year. Changsha airport is a fast-growing hub airport with both passenger and freight transportation serving China’s central region. While conveying the management team’s holiday greetings, distributing of New Year red envelopes, Ms. Lv and Mr. Gao also had friendly discussions with the frontline employees, jointly aiming to enhance the environment where employees enjoy their work and company business continues to grow successfully.


  • Fortune Oil Limited and Jiangnan Shipyard (Group) Co., Ltd. Signed Building Contract for Two 84,000 Cubic Metre Very Large Gas Carriers (“VLGC”).

    Fortune Oil Limited (via China Gas Fortune Marine Transportation Limited) and Jiangnan Shipyard (Group) Co., Ltd. held a ceremony in Shanghai on 3 January 2018, to sign a building contract for two 84,000 cubic metre Very Large Gas Carriers (“VLGC”). China Gas Fortune Marine transportation Limited is a newly established company jointly owned by China Gas Group Limited and China Gas Holdings Limited (“CGH”,HKEX:384 ).

    Attending and witnessing the ceremony were Fortune Oil Limited Executive Director Mme. Li Ching, General Manager of China Gas Holdings Limited's LPG Unit Mr.Song Huabin, Chairman of CSSC (Hong Kong) Shipping Company Limited Mr. Yangli, Chief COO of Wah Kwong Maritime Transport Holdings Limited Mr. Zhou Jianfeng, General Manager of China Gas Fortune Marine Transportation Limited Mr. Ye Qing and other representatives.

    China Gas Fortune Marine Transportation Limited operations are focused on liquefied petroleum gas (“LPG”) transportation management and associated businesses.

    Affiliated to China State Shipbuilding Corporation limited, Jiangnan Shipyard (Group) Co., Ltd is one of the largest and most advanced modern shipbuilding bases with the most production varieties in China. The two 84,000 cubic metre VLGCs fall within the 2nd generation VLGC (Panda 84P), which is self-designed by Jiangnan Shipyard (Group) Co., Ltd., and fulfills the latest international standards including IMO Tier III control and IGC Code standard.

    The signing ceremony opened a new page for Fortune Oil as it enters the global LPG marine transportation market. This reflects the company’s diversified development strategy, and is of great significance to the company’s international presence and long-term profitability.


  • Maoming SPM (Single Point Mooring) Achieved 200 Million Tonnes Crude Oil Handling Record

    On December 6, 2017, with VLCC Challenger’s delivery of 131 thousand tonnes of Oman crude oil to Sinopec Maoming refinery, Maoming SPM has achieved 200M tonnes crude oil handling record.

    Showing a great foresight of the leadership of Fortune Oil and Sinopec, China's first single mooring facility - Maoming SPM was established in the early 1990s, for 23 consecutive years since the first VLCC Jerom was handled on November 11, 1994, Maoming SPM wrote numerous outstanding records. With the Asia’s largest sub-sea crude oil pipeline of 1219mm in diameter, the SPM facility has handled 1044 vessels with 78 types of crude oil from 57 countries, and remained an accident-free and spill-free record.


  • Fortune Oil Delegation met with leaders of China National Aviation Fuel Group Corporation (CNAF Group)

    A senior management delegation led by Mr. Daniel Tatjung CHIU, Chairman of Fortune Oil Limited, met with CNAF Group Chairman Mr. Zhou Qiang and other related leaders on June 8, 2017 in Beijing. The two sides reviewed the 20 years development of South China Bluesky Aviation Oil Company Limited (“Bluesky”) and exchanged views on future cooperation. Mr. Zhou Qiang praised the long-term positive cooperation between the two sides and the joint venture’s successful development. Mr. Zhou Qiang highlighted that the two companies should make greater use of their respective strengths to seek cooperative opportunities in airport construction and other related developments in counties along “the Belt and Road” initiative, and hoped that Fortune Oil would continue to provide strong support to Bluesky, and further expand its cooperation and exchanges on the basis of the Joint venture’s existing healthy and sustainable development.

    Also attending the meeting were Fortune Oil Executive Director Mme. Li Ching, Technical and Business Development Director Mr. Michael Jones, General Manager of Project & Investment Mr. Gao Yimin, Deputy General Manager of Bluesky Mr. Zhang Haiqun, CNAF Chief Financial Officer Mme. Bao Xiaoyan, General Manager of CNAF Group International Business Department Mr. Feng Hai, and Chairman of Bluesky Mr. Wang Yanjun.



  • Maoming single point mooring (“SPM”) completed the largest scale upgrading since 22 years safe operation

    Maoming New King Ming Petroleum Co., Ltd. (“NKM”) started construction of the second sub-sea pipeline in July 2016. The 15.49 km long, 48-inches diameter sub-sea pipeline, which is also China’s largest diameter crude oil pipeline, came into operation in May 2017. On May 19 2017 New Vigorous, a 300,000-tonnes Very large Crude Carrier (“VLCC”), delivered Middle East crude oil through the pipeline to the crude oil tanks at the Sinopec Maoming refinery, one of China's largest refineries. This event marks the completion of the largest upgrading of the Maoming SPM - China's first single mooring facility, following 22 years safe, environmental friendly and efficient operations.

    The first Maoming sub-sea pipeline, which came into operation in December 1994, was 34 inches in diameter and designed with an annual handling capacity of 11 million tonnes. Since the pipeline commenced operations, it has handled 1003 vessels and imported 193 million tonnes of crude oil with a record of zero oil spills or marine environmental pollution accidents. With the operation of the new pipeline, the annual import capacity of Maoming SPM will increase to over 15 million tonnes.