Posted - January 8, 2013 - gCaptain - Reuters
State-owned China National Offshore Oil Corp (CNOOC), leader of the
country’s liquefied natural gas import business, plans another receiving
terminal in the southeastern province of Fujian, a company official
said on Tuesday.
China, the world’s top energy user but fourth-largest consumer of
gas, is rapidly boosting supply of the cleaner-burning fuel by speeding
up domestic exploration and lifting imports, both of pipelined gas and
in super-chilled form shipped in tankers.
The project in Fujian’s Zhangzhou city, estimated to cost 6.7 billion
yuan ($1.1 billion), will have an annual capacity of 3 million tonnes
in its first phase, the company says in its environmental assessment
report, seen by Reuters.
“The project has finished the preliminary work and is now waiting for
the final approval from Beijing to start construction,” said the
company official.
It was not immediately clear from where CNOOC would source the gas.
The company already operates six receiving terminals along the east
coast including the most recent, a floating terminal, off the northern
city of Tianjin.
CNOOC has started the 600-mu (40-hectare) sea reclamation effort for
the 52-hectare project, which could cost the company another 660 million
yuan, domestic media reported late in December.
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 media said.
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