China again delays LNG terminal deal

The Chinese government again has delayed awarding a contract to build a $600 million liquefied natural gas terminal at Shenzhen in southern China. The tender is for a 30% stake in a joint contract with China National Offshore Oil Corp.


BEIJING�The Chinese government again has delayed awarding the contract to build a $600 million liquefied natural gas terminal at Shenzhen in southern China.

The tender award was expected Dec. 18, but postponed to Dec. 24. It was again delayed, and no date has been set for the announcement.

A Chinese consortium led by China National Offshore Oil Corp. submitted the assessment reports of the bidders to the government more than a month ago.

The four bidders are China Australia Terminal Corp. and Korea Gas Corp.; a consortium of ExxonMobil Corp., Hong Kong China Light Power, and Chubu Electric Power Co.; a consortium of the Royal Dutch/Shell Group, Marubeni Corp., and Osaka Gas Co. Ltd.; and BP.

They are bidding for a 30% stake in a joint venture with the CNOOC consortium to build a 3 million tonne capacity LNG terminal in Shenzhen.

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