24 April 2013 10:35 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Kunlun Energy is planning to start up a 300,000 cubic metre (cbm)/day natural gas liquefaction plant at Tianjin in northern China on 26 August, a source familiar with the matter said on Wednesday.
The plant is a joint venture between Kunlun Energy and PetroChina’s Dagang Oilfield Co, the source from Dagang Oilfield Co said. The companies hold a 51% and 49% stake respectively.
The plant will mainly process natural gas supplied by the Changqing and Dagang oilfields.
LNG output from the plant will be distributed through the 16 LNG-refuelling stations in Tianjin.
The refuelling stations belong to a subsidiary jointly owned by Kunlun Energy and Dagang Oilfield Co.
Excess output from the plant will be sold in the spot market, the source added.
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