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July 20, 2009

China Energy Companies to Build LNG Terminals at Nine Ports

Chinese state-owned firms China National Offshore Oil Corporation (CNOOC), Sinopec and PetroChina intend to construct LNG import terminals in nine Chinese ports over the next ten years to satisfy the country's massive energy demand. The new import terminals are being constructed as Chi

By cms admin

Chinese state-owned firms China National Offshore Oil Corporation (CNOOC), Sinopec and PetroChina intend to construct LNG import terminals in nine Chinese ports over the next ten years to satisfy the country’s massive energy demand.

The new import terminals are being constructed as China plans to augment its yearly LNG imports to 50 million tonnes by 2020.

At present the country has two terminals, run by CNOOC, that import LNG from Fujian and Shenzhen, which can handle over six million tonnes of LNG per year.

Under the government’s existing authorisations, plants will be constructed in Shanghai, Ningbo, Jiangsu and Dalian. The first of these plants located in Shanghai is likely to become operational by the end of 2009.

CNOOC has offered to construct import terminals at Zhuhai and Hainan, while Sinopec has proposals to erect facilities in Wenzhou, Shandong, Rizhao and Zhuhai.

Petrochina is looking to build plants in Qinzhou and Hebei and to construct terminals in Jiangsu and Dalian.

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