Eric Watkins
Senior Correspondent
LOS ANGELES, Aug. 8 -- China has ordered that only one LNG terminal will be built in each of its coastal provinces in order to prevent duplication of large energy infrastructure projects, the South China Morning Post reported Aug 8.
National Development and Reform Commission Vice-Minister Zhang Guobao told petroleum executives June 9 that only Guangdong would be allowed a second LNG terminal for the time being.
Zhang said, "Guangdong was an exception because the project in Daya Bay was a pilot for the whole nation so it would count in the one-per-province scheme," the paper reported.
The as-yet unpublished edict would mean that of China's 18 proposed and continuing projects at least six planned by China National Offshore Oil Corp., one by PetroChina, and one by China Petroleum & Chemical Corp. will be shelved.
Contact Eric Watkins at [email protected].