CNOOC to build new LNG terminal

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)

CNOOC Shanghai terminal to receive 1st LNG cargo

The Shanghai LNG project, a joint venture between CNOOC and Shenergy Group, is expected to receive its first cargo of liquefied natural gas (LNG) from Malaysia around Sept. 20, an industry source said.

The shipment would be about 80,000-90,000 cubic metres, the source said, adding that the fuel would be used later to test new facilities.

Previous imports from Malaysia were diverted to Wuhaogou, an existing small LNG terminal in the financial hub, which has two 50,000 cubic metre LNG tanks and one 20,000 cubic metre tank and serves as backup supplies for the city.

Wuhaogou is run by Shanghai Gas (Group) Co Ltd, a unit of Shenergy Group. The group controls Shenergy Company .

Under a long term contract, Malaysia's Petronas will supply 3.03 million tonnes of LNG a year to the new Shanghai terminal for 25 years starting from 2009.

China National Offshore Oil Corporation (CNOOC), parent of CNOOC Ltd, has one terminal in Guangdong and another in Fujian in operation.