Construction begins on yet another Chinese LNG terminal
Construction on another LNG terminal in China began earlier last month, according to press reports from the country.
Warren R. True
Chief Technology Editor-LNG/Gas Processing
HOUSTON, Nov. 2 -- Construction on another LNG terminal in China began earlier last month, according to press reports from the country.
The Ningbo LNG terminal is south of Shanghai, in Zhejiang Province, and will be the fifth Chinese terminal, the fourth owned by China National Offshore Oil Co. Ltd. China’s National Development and Reform Commission approved the project earlier this year.
When completed in 2012, Phase 1 of construction at Ningbo will have installed 3 million tonnes/year of regasification capacity. Press reports put construction costs of Phase 1 at more than $1 billion. CNOOC envisions a matching second phase but has announced no completion date.
Ownership of CNOOC Zhejiang Ningbo Liquefied Natural Gas Co. Ltd. is among CNOOC Natural Gas & Power Co. Ltd. (51%), Zhejiang Provincial Energy Group Co. Ltd. (29%), and Ningbo City Power Developing Corp. (20%).
CNOOC’s 3-million-tpy terminal at Shanghai received its first LNG cargo earlier this month (OGJ, Oct. 26, 2009, p. 11).
Contact Warren R. True at email@example.com.