Shanghai LNG building LNG terminal in China

Eric Watkins
Senior Correspondent

LOS ANGELES, Nov. 27 -- Shanghai LNG Co Ltd., is building an LNG terminal at Zhong Ximentang Island in China's Zhejiang province, with plans for the facility to become operational in the first half of 2009.

The complex, which includes docking facilities, a regasification plant, and an undersea pipeline, will have an initial capacity of about 3 million tonnes/year—enough to process newly contracted supplies.

In October, Petronas subsidiary Malaysia LNG signed deals with Shanghai LNG Co. Ltd. to supply up to 3.03 million tonnes/year of LNG for 25 years (OGJ Online, Oct. 30, 2006).

Shanghai LNG Co Ltd. is a joint venture of the Shenergy Group Ltd., 55% and CNOOC Gas & Power, 45%, a wholly owned unit of China National Offshore Oil Corp.

Contact Eric Watkins at hippalus@yahoo.com.

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