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China National Petroleum Corporation (CNPC) the
construction of its first liquefied natural gas (LNG) terminal in
Dalian, a port city in northeastern Liaoning Province.
The project, with a total investment of over 10
billion yuan (about 1.4 billion U.S. dollars), consists of a wharf, a
receiving facility and transportation pipelines. It is designed to
receive supplies from Qatar, Australia and other overseas markets.
The terminal is designed to store 3
million tonnes of LNG and supply 4.2 billion cubic meters of gas every
year in the first phase, which would expand to 6 million tonnes and 8.4
billion cubic meters in the second phase.
CNPC is also building a LNG receiving facility in Rudong county of east Jiangsu Province.
Experts predicted that by 2020 China
would import 10 million tonnes of LNG annually, boosting the interests
of oil giants to build LNG projects.
To secure LNG supply, PetroChina,
CNPC's listed subsidiary sealed a deal with Qatargas and Shell for 3
million tonnes of LNG annually that would last for 25 years early this
month.
On the same day, China National
Offshore Oil Corporation, the country's largest offshore oil company,
signed an agreement with Qatargas for a long-term supply of LNG of 2
million tonnes per annum.
China's thirst for clean energy
boosted the demand for natural gas. Its first major LNG terminal was
put into operation Shenzhen city of Guangdong Province in 2006. Another
LNG terminal in Fujian province is expected to put into use in the
second half of this year.
PetrolWorld 180408
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