China approves its first privately-run LNG terminal in Zhejiang

19 April 2013 08:23  [Source: ICIS news]

SINGAPORE (ICIS)--China’s National Energy Administration (NEA) has approved preparatory work on ENN’s receiving terminal for imported liquefied natural gas (LNG) at Zhoushan in Zhejiang province, the first privately-run terminal in China, according to a local government announcement.

The terminal is designed with a handling capacity of 3m tonnes/year for the first stage, the Zhoushan Municipal Development and Reform Commission said on its official website.

The terminal will be equipped with a 266,000cbm berth for cargo discharging, a 60,000cbm berth for cargo uploading and two 160,000cbm LNG storage tanks, it said.

The handling capacity is likely to expand to 20m-30m tonnes/year in the long run.

China’s LNG terminals that are in operation or approved by the central government are all owned by state-run PetroChina, Sinopec and China National Offshore Oil Corp (CNOOC), market sources said.

China has six operational LNG receiving terminals in Guangdong, Fujian, Shanghai, Jiangsu, Zhejiang and Liaoning, of which three are owned by CNOOC.

With the approval on ENN’s Zhoushan project, China is likely to gradually open its LNG import market to other market players, the sources added.

ENN has been discussing with overseas suppliers about LNG cargoes for delivery to the Zhoushan terminal, and may ink a supply contract with US-based Cheniere Energy, the sources said.

The company is also planning to build the country’s first LNG-refuelling facility for international shipping vessels at the same site, the sources said.

ENN Group is a private enterprise mainly focusing on the clean and renewable energy industries.

By: Ricki Wang
+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