Yantai/30th August, 2018, Jereh Group signed a strategic cooperation agreement with JIC Leasing Co., Ltd to further their bilateral collaboration along natural gas value chain. Leveraging on financing & leasing capabilities as well as project resources they own, Jereh and JIC aim to provide customers with superior solutions and consultation services in terms of financing & leasing.

Figure 1: Jereh Group and JIC Leasing signed a strategic cooperation agreement

JLC is one of the first specialized financial leasing service providers in China, which was approved by Ministry of Commerce. Following the national strategies, JIC Leasing is committed to serving the real economy through leasing operations to promote technological progress and industrial upgrading, strengthen consumption and services, and improve livelihoods. 

Jereh, as a global group specializing in oil & gas, power and environmental management, offers integrated solutions in the fields of oil & gas exploration, oil & gas field services, drilling, gathering & transporting, treatment, processing, liquefaction, storage, fueling as well as power and environmental management. Jereh is actively engaged in businesses including investment & financing, turnkey engineering, technical services and equipment manufacturing. By now, Jereh has participated in numerous energy projects in over 70 nations worldwide, having developed a whole series of capabilities ranging from investment & financing, consultation, R&D, design to manufacturing, procurement, operation and project management.

During the meeting, Jereh and JIC conducted in-depth discussion on actual investment & financing projects, screening criteria and exit strategy. After agreeing on investment & financing standards and internal approval process, both parties will proceed cooperating on specific projects and probing into the possibility of jointly establishing strategic funds and co-investing stock equity.

With the agreement being signed, Jereh and JIC will work on natural gas projects together mainly through financing & leasing channels, but also with consistent efforts to explore even more cooperation modes. They shall better the natural gas value chain by learning from each other, merging manufacturing and financing businesses, and ultimately bring demonstration effects to others as a successful example of financing-manufacturing partnership.