19 July 2012 08:27 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Hanas New Energy started commercial operations at its 3 million cubic metre/day liquefied natural gas (LNG) plant at Yinchuan, in Ningxia province, on 18 July, a company source said on Thursday.
The Ningxia-based company had been trial running the plant at 40% capacity since early July, the source said, adding that it planned to ramp up the utilisation rate to 50% from 19 July.
The plant’s EXW (ex-works) LNG price is set at yuan (CNY) 3,570/tonne ($560/tonne), and the DEL (delivered) price is at CNY3,530/tonne, the source said.
The prices will remain effective until late July, the source added.
Ningxia Hanas New Energy started to build the Yinchuan plant on 30 June 2009, and commissioned it on 8 May 2012.
The plant mainly consumes feedstock gas supplied by Chinese oil and gas giant PetroChina’s Sebei oilfields, and product will be sold across China.
The company is largely engaged in city gas networks, power and heating cogeneration projects and LNG production.
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