Subsidiaries of China Gas Holdings， Hong Kong’s CSSC Shipping and Wah Kwong Maritime Transport Holdings have sealed a joint venture agreement to acquire a pair of LNG carrier newbuilds.

  The JV will set up two vessel-owning vehicles to order the vessels at a third-party shipbuilder， China Gas Holdings said in a regulatory filing.

  The company’s China City Gas will hold a 30% stake in the JV. Fortune， owned by CSSC Shipping， the leasing arm of state-owned China State Shipbuilding Corporation，has a 25% stake，while the remainder is with Vantage， a division of Wah Kwong Maritime.

  After delivery，the vessels will go on charter with Gas Hongda Energy Trading，another subsidiary of China Gas Holdings，for 20 years at a daily rate of between $80，000 and $100，000.