CNOOC Ltd is in talks with the relevant government authorities regarding the construction of a new liquefied natural gas terminal, Song Enlai, a senior executive at CNOOC said. CNOOC operates three LNG terminals, one in Guangdong Province, one in Fujian Province and one in Shanghai. Its fourth terminal, located in Zhejiang Province, is still under construction.
(Source: China Knowledge Online)
Mar 11, 2010
Adriatic LNG terminal will be operational in 2014
Croatia's energy firms power board HEP, gas pipeline operator Plinacro and INA will change their participation structure in an Adriatic liquefied natural gas (LNG) terminal project to help make it operational in 2014.
Location: Northern Adriatic island of Krk
Capacity: 15 BCM
Target Market: Central and southeastern Europe and Italy
Investment Expected: 800 million euros
The government is expected to adopt a decision on establishing the Croatian LNG consortium soon.
At the moment, four foreign energy firms keen to take part in the project are part of the Adria LNG consortium. They include Germany's E.ON-Ruhrgas, Austria's OMV, France's Total and Geoplin from Slovenia.
Croatian firms should join later this year and have a 25-percent stake in the joint venture. INA can have 14 percent while Plinacro and HEP will jointly have 11 percent.
The LNG project has moved slowly in recent years, largely due to a slow decision-making process within Croatia, but the foreign investors are keen to speed it up because of a strong competition looming on the Italian side of the Adriatic.
Location: Northern Adriatic island of Krk
Capacity: 15 BCM
Target Market: Central and southeastern Europe and Italy
Investment Expected: 800 million euros
The government is expected to adopt a decision on establishing the Croatian LNG consortium soon.
At the moment, four foreign energy firms keen to take part in the project are part of the Adria LNG consortium. They include Germany's E.ON-Ruhrgas, Austria's OMV, France's Total and Geoplin from Slovenia.
Croatian firms should join later this year and have a 25-percent stake in the joint venture. INA can have 14 percent while Plinacro and HEP will jointly have 11 percent.
The LNG project has moved slowly in recent years, largely due to a slow decision-making process within Croatia, but the foreign investors are keen to speed it up because of a strong competition looming on the Italian side of the Adriatic.
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