22 April 2013 07:37 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Jingpeng Natural Gas is expected to start up a 300,000 cbm/day gas liquefaction plant at Uxin Banner in the Inner Mongolia autonomous region in late April, a parent company source said on Monday.
The yuan (CNY) 160m ($25.9m) plant will mainly consume natural gas supplied by PetroChina’s Changqing Oilfield, according to the source from Shenzhen Gas.
The company has built eight 150cbm storage tanks at the same site, the source said.
Jingpeng Natural Gas is jointly owned by Shenzhen Gas and Beijing Gas Group and is responsible for the construction, operation and management of the liquefaction plant in Inner Mongolia.
Liquefied natural gas (LNG) output from the plant will be largely supplied to the two parent companies, with additional volumes distributed to the domestic market, added the source.
($1 = CNY6.18)
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