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 ?xml:namespace>
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)
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