Core Points - The first LNG carrier "Qingcheng" with a capacity of 174,000 cubic meters for the China National Petroleum Corporation's LNG transportation project has been delivered ahead of schedule [1] - This delivery marks the seventh large LNG vessel delivered by Hudong-Zhonghua for this project, contributing to a record total of nine LNG vessels delivered by the company in 2023 [1] - The project is notable as the first LNG transportation vessel project with a purely Chinese background, involving multiple domestic companies in a comprehensive RMB settlement financing model [1] Company Summary - Hudong-Zhonghua Shipbuilding has successfully completed the first and second phases of the project, delivering six LNG vessels named "Shaolin," "Wudang," "Kunlun," "Emei," "Huashan," and "Kongtong" [1] - The project includes a total of eight LNG vessels under contract, all with a capacity of 174,000 cubic meters [1] Industry Summary - The project represents a significant milestone in China's LNG shipping industry, establishing a benchmark for RMB financing in LNG transportation [1] - The collaboration among China COSCO Shipping Energy, China National Petroleum Corporation, Hudong-Zhonghua, and Kunlun Jinzu has created a full-chain RMB settlement model for ship leasing, construction, and financing [1]