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.
($1 = CNY6.31)
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