China's CNOOC starts construction of Shenzhen LNG terminal

03 September 2012 04:32  [Source: ICIS news]

SINGAPORE (ICIS)--China National Offshore Oil Corp (CNOOC) started construction of a 4m tonne/year liquefied natural gas (LNG) terminal at Shenzhen in Guangdong province on 31 August, the company said over the weekend.

The terminal will come on stream in 2015, CNOOC said in a statement.

Four LNG tanks – each with a storage capacity of 160,000 cubic metres (cbm) – and a berth with an 80,000-266,000cbm capacity will also be built as supporting facilities at the terminal, it said.

The entire project, which is a 70:30 joint venture between CNOOC Oil & Gas and Shenzhen Energy, will cost about yuan (CNY) 8bn ($1.3bn) to build, the company said.

($1 = CNY6.35)

By: Fanny Zhang
+65 6780 4359

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index