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    Cnooc's Zhejiang Terminal Jumps

Summary

The Zhejiang LNG terminal is located near the city of Ningbo in the eastern Chinese province of Zhejiang.

by: Shardul Sharma

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Natural Gas & LNG News, Asia/Oceania, Security of Supply, Corporate, Import/Export, Liquefied Natural Gas (LNG), News By Country, China

Cnooc's Zhejiang Terminal Jumps

Cnooc Gas and Power, a unit of state-owned Cnooc, September 17 said its Zhejiang LNG terminal has unloaded 3.62 million metric tons of LNG during January 1-September 15, up 68% year on year.

The Zhejiang LNG terminal is located near the city of Ningbo in the eastern Chinese province of Zhejiang. Cnooc Gas and Power said the terminal is operating at its maximum capacity and is supplying 18mn m3/d of gas to customers in Zhejiang province.

The company has started work on the second phase  of the terminal. Once the second phase is complete by end-2020, terminal’s capacity will double to 6mn mt/yr. The first phase work started in 2009 and the terminal was commissioned in 2012 with LNG imported from Qatar. Cnooc Gas and Power has 51% stake in the terminal while other shareholders are Zhejiang Energy Company (29%) and Ningbo Power (20%).

Cnooc Gas and Power, a unit of state-owned Cnooc, operates nine LNG import terminals at Tianjin, Shanghai, Ningbo, Putian, Yuedong, Dapeng, Zhuhai, Hainan and Shenzhen.