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    Work Starts on Cnooc's 10th Terminal

Summary

This will be company's second terminal in Fujian province.

by: Shardul Sharma

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

Work Starts on Cnooc's 10th Terminal

Cnooc Gas and Power September 30 started work on its 10th LNG import terminal, located in southeastern Chinese province of Fujian, it said October 8.

The 3mn mt/yr Zhangzhou LNG import terminal got design and budgetary approval in May this year. This will be company’s second terminal in Fujian province. It already operates a terminal in Putian.

The Zhangzhou LNG terminal project will have two storage facilities of 160,000m3 each at Zhangzhou, Fujian province. The project will be constructed in two phases with investment of yuan 6.2bn ($970mn) and is expected to be ready by 2021.

The terminal will increase gas supply in Fujian province and other regions in southern China such as Guangdong, Guangxi, Zhejiang and Jiangxi, Cnooc Gas and Power said.

Cnooc Gas and Power, a unit of Cnooc, operates nine LNG import terminals at Tianjin, Shanghai, Ningbo, Putian, Yuedong, Dapeng, Zhuhai, Hainan and Shenzhen - most of which are part-owned by others.