21 October 2011 10:30 [Source: ICIS news]
GUANGZHOU (ICIS)---PetroChina has signed an agreement with Hebei Natural Gas and Beijing Enterprises Group to construct and operate a liquefied natural gas (LNG) terminal at ?xml:namespace>
Hebei Natural Gas and Beijing Enterprises Group will hold a 20% and 29% stake respectively, according to the source.
PetroChina is building the terminal, which is expected to come on stream in 2013 with an initial capacity of 3.5m tonnes/year. The eventual capacity at the terminal will reach 10m tonnes/year, the source said.
As PetroChina Jingtang LNG will primarily supply the LNG from the terminal to the domestic markets in
In addition, the project includes the construction of an unloading terminal for docking a 80,000-270,000 cubic metres (cbm) carrier, a related re-gasification device and supporting facilities, the company source said.
The project will cost approximately yuan (CNY) 6.6bn ($1bn) to build, the source added.
($1 = CNY6.39)
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