23 May 2013 07:59 [Source: ICIS news]
SINGAPORE (ICIS)--China National Offshore Oil Corp (CNOOC) is planning to start building a transfer station for liquefied natural gas (LNG) at Taizhou in Jiangsu province in 2014, a source close to the company said on Thursday.
The company is expected to bring the project on stream in 2015, the source said.
CNOOC plans to build two 40,000 cubic metre storage tanks, the source said, adding that the project is still in an early stage.
The project is designed to store imported LNG via CNOOC’s receiving terminals, such as the operational Ningbo terminal in Zhejiang, and the future terminals in Tianjin and Shandong, the source said.
Volumes stored at the Taizhou station will then be delivered to inland consumer markets mainly in east China via tank trucks, and to provinces such as Anhui, Jiangsu, Zhejiang and Jiangxi as well, the source added.
CNOOC is China’s largest offshore oil and gas producer and LNG importer.
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