CNOC to build another LNG receiving terminal


Another receiving terminal in the southeastern province of Fujian is planned by state-owned China National Offshore Oil Corp (CNOOC), leader of the country’s LNG import business, according to a Reuters report.

The project in Fujian’s Zhangzhou city is estimated to cost 6.7 billion yuan ($1.1 billion) and will have an annual capacity of 3 million tonnes in its first phase.

The project has finished the preliminary work and is now waiting for the final approval from Beijing to start construction, a company official told Reuters.

The project, including a port to dock 260,000 cubic-meter tankers and three storage facilities of 160,000 cubic meters each, is expected to start operation in 2017.

The news agency reports that CNOOC has already started the 600-mu (40-hectare) sea reclamation effort for the 52-hectare project, which could cost the company another 660 million yuan.

CNOC already operates six receiving terminals along the east coast including a floating terminal off the northern city of Tianjin.

China is the world’s top energy user and fourth-largest consumer of gas. The country is boosting its supply of LNG by speeding up domestic exploration and lifting imports, both of pipelined gas and gas shipped in tankers.

Daily Email Newsletter

Sign up to our daily email newsletter to receive the latest news from Port Technology International.

Supplier Directory

Find out how to get listed

Webinar Series

Find out how to attend

Latest Stories

Cookie Policy. This website uses cookies to ensure you get the best experience on our website.