China’s Zhongneng Huaxin eyes three-phased LNG project in Ningxia

25 July 2012 09:17  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Zhongneng Huaxin Investment (Beijing) plans to build a liquefied natural gas (LNG) project with a 5.6m cubic metres/day (cbm/day) capacity at Zhongwei, Ningxia, in three phases, a company source said on Wednesday.

Financial details of the project were not disclosed.

Construction of the first phase of the project in northwestern China will start early next year, with the 1m cbm/day capacity coming on stream in 2014, the source said.

The specific timeline and other details for the two remaining phases of the project have yet to be decided, the source said.

PetroChina’s Shaanxi-Beijing gas network will be supplying feedstock to the LNG plant, which will cater to the southern and southwestern markets in China, the source said.

Zhongneng Huaxin Investment (Beijing) is largely engaged in the exploration, storage and distribution of conventional and new energy.

By: Jane Han

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