22 November 2012 05:50 [Source: ICIS news]
SINGAPORE (ICIS)--China National Offshore Oil Corp (CNOOC) plans to start up a 2bn cubic metre (cbm)/year coal-based gas plant at Datong in Shanxi province, north China, in 2014, a company source said on Thursday.
The company started building the plant in April this year, according to the source.
The yuan (CNY) 24.8bn ($3.98bn) project will also consist of a second-phase project, with the same production capacity at the same site, which is expected to be completed in 2016, he said.
The project is co-funded by CNOOC, the Datong government and Datong Coal Mine Group, with CNOOC holding a controlling stake.
The project will consume coal supplied by Datong Coal Mine Group, and will be equipped with gas pipelines and a 1.5m cbm/day liquefaction plant.
State-run CNOOC is the largest offshore oil and gas producer in China. It is also the country’s biggest importer of liquefied natural gas (LNG).
($1 = CNY6.23)
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