CNOOC to build LNG transit station in Zhejiang

11 January 2012 08:07  [Source: ICIS news]

SINGAPORE (ICIS)--China National Offshore Oil Corp (CNOOC) is planning to spend yuan (CNY) 1bn ($158m) to build a small transit station for liquefied natural gas (LNG) at Anji county in Zhejiang, a company source said on Wednesday.

 The project is designed as a riverside transit station for LNG delivery in small volumes, the source said.

“Its capacity will depend on downstream consumption and is likely to reach 500,000-1m tonnes per year,” the source said, adding that the company is doing a preliminary study on the project.

The station will mainly supply gas to Anji county and may also distribute some to Zhejiang, Jiangsu and Anhui provinces, the source said.

CNOOC is China’s largest offshore oil and gas producer, and operates three large imported LNG receiving terminals in the country.

($1 = CNY6.31)

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By: Ricky Wang
+65 6780 4359

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