CNOOC to sell imported LNG via trucks from Zhuhai terminal in Dec

27 November 2013 10:26  [Source: ICIS news]

SINGAPORE (ICIS)--China National Offshore Oil Corp (CNOOC) is expected to begin selling and delivering imported LNG by trucks from its Zhuhai terminal in Guangdong province from 1 December, industry sources said on Wednesday.

The list price is likely to be set at yuan (CNY) 5,900/tonne ($969/tonne), the sources added.

Company officials from CNOOC Gas & Power Group in Guangdong could not be immediately reached for comment.

The CNOOC subsidiary is responsible for the sales and delivery of imported LNG through trucks from the Zhuhai terminal.

A 93,000 tonne Qatari LNG cargo arrived at the terminal in October, according to the terminal’s operator.

Though the construction of pipeline facilities at the terminal has been completed, the cargo would not be distributed via the pipelines, the operator said, without giving further details.

The Qatari cargo is highly likely to be sold and delivered by trucks, the operator added.

The Zhuhai terminal has an initial handling capacity of 3.5m tonnes/year and is equipped with three 160,000cbm LNG storage tanks.

Its annual handling capacity will be expanded to 7m tonnes/year in the second phase and to 10m tonnes/year eventually.

($1 = CNY6.09)

By: Ricki Wang
+65 6780 4359

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