CNOOC Gas gets approval to build natural gas pipelines in Fujian

20 June 2012 09:05  [Source: ICIS news]

SINGAPORE (ICIS)--China’s CNOOC Gas & Power Group, a wholly owned subsidiary of CNOOC, has received approval to build two natural gas pipelines in Fujian province, south China, from the local government, a company source said on Wednesday.

The two pipelines will be a combined 103km long and be able to transfer 350m cbm/year of gas, the source said.

The pipelines will cost yuan (CNY) 1.15bn ($181m) and be completed by end-2013, the source said.

One pipeline will run from Zhangzhou to Nanjing, while the other will run from Zhangzhou to Zhangpu in Fujian province. Both will supply natural gas to markets in the south of Fujian, the source added.

CNOOC Gas & Power Group is engaged with technology development, technology services and consulting services for oil and natural gas development and petrochemical engineering, as well as construction, management and operation of oil and gas pipeline networks.

($1 = CNY 6.36)

By: Dolly Wu
+65 6780 4359

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