Southern Holdings Group (Hainan) Co., Ltd. announced today that its LNG (liquefied natural gas) and crude oil import business located at Hainan Free Trade Port has officially started.
As an important strategic pivot for the group's layout in the energy field, Hainan Company will rely on the advantages of the free trade port policy, deeply integrate into the international energy market, and inject new momentum into the domestic clean energy transformation and regional economic development.
1、 Empowering Free Trade Port Policies and Building a New High Ground for Energy Import
Hainan Free Trade Port, as the forefront window of China's opening-up to the outside world, has continuously promoted trade liberalization and facilitation reforms in recent years.
According to policy documents released by the Ministry of Commerce and 20 other departments, Yangpu Bonded Port Area has piloted the "first line liberalization, second line management" model for the import and export of crude oil and refined oil products, allowing enterprises to conduct business without applying for qualifications.
At the same time, Hainan Free Trade Port has implemented a "zero tariff" policy for imported self use production equipment, combined with measures such as value-added tax collection before refund, significantly reducing the operating costs of enterprises.
For example, in 2024, Yangpu Customs processed a total of 438 million yuan in tax refunds for LNG import enterprises, with a maximum refund of nearly 60 million yuan for a single enterprise.
Southern Holdings Group (Hainan) Co., Ltd. will fully utilize these policy dividends and establish efficient LNG and crude oil import channels through core hubs such as Yangpu Bonded Port.
The company plans to use the "bonded warehousing+international transit" model to radiate the markets of South China and Southeast Asia, and help Hainan build an energy and resource distribution center in the Asia Pacific region.
2、 Focusing on clean energy and promoting energy structure optimization
With the acceleration of global energy transition, LNG, as a clean and efficient transitional energy, continues to grow in market demand.
In 2023, global natural gas consumption will reach 4.01 trillion cubic meters, with LNG trade accounting for over 30%.
Hainan Free Trade Port is aiming for a "clean energy island", with the proportion of clean energy installed capacity reaching 83.6% by 2024, and projects such as nuclear power and offshore wind power accelerating their implementation.
Southern Holdings Group (Hainan) Co., Ltd. will actively respond to this strategy and focus on expanding its LNG import business.
The company plans to establish long-term cooperation with international energy suppliers, introduce high-quality LNG resources from production areas such as Australia and the United States, and ensure clean energy supply to the island and surrounding areas through infrastructure such as the Hainan LNG receiving station.
At the same time, the company will explore innovative business models such as "LNG+hydrogen energy" to help Hainan build a diversified energy system.
3、 Deepen international cooperation and enhance regional energy security
Crude oil, as the lifeblood of industry, still holds an important position in the energy system.
In 2024, China's crude oil imports reached 550 million tons, with the proportion of imports from Hainan port steadily increasing.
Southern Holdings Group (Hainan) Co., Ltd. will leverage the location advantage of Hainan Free Trade Port to build a crude oil import and processing industry chain.
The company plans to import crude oil resources from the Middle East, Africa, and other regions through the Yangpu Port, and cooperate with local enterprises such as Hainan Refinery to promote deep processing of crude oil and the development of high value-added products.
In terms of international cooperation, the company will actively participate in the "the Belt and Road" energy cooperation and explore the coordinated development with ASEAN countries in the fields of crude oil trade, warehousing and logistics.
For example, Yangpu Port has recently successfully secured the berthing of 200000 ton crude oil tankers, achieving simultaneous unloading and testing through a "smart sampling system", significantly reducing customs clearance time.
This efficient mode will provide strong support for the company's crude oil import business.
4、 Group background and future planning
Southern Holdings Group (Hainan) Co., Ltd. was established in 2022 and is an important layout for the group to respond to national strategies and deeply cultivate the Hainan Free Trade Port.
The parent company has a deep accumulation in energy, trade and other fields, and its subsidiaries cover diversified businesses such as import and export trade and technological innovation.
Hainan company will rely on group resources, focus on LNG and crude oil imports, and gradually expand derivative services such as energy finance and cross-border e-commerce.
In the future, the company plans to invest in the construction of infrastructure such as LNG storage tanks and crude oil bonded warehouses, participate in the construction of the Hainan International Energy Trading Center, and promote the formation of a full industry chain ecology of "trade+warehousing+finance".
At the same time, the company will actively respond to the "dual carbon" goals of Hainan Free Trade Port, explore green financial tools, and support the development of clean energy projects.