China: CNPC Inks Deal on Third West-East Gas Pipeline

CNPC Inks Deal on Third West-East Gas Pipeline

CNPC on Wednesday inked a joint stock and cooperation framework agreement on the Third West-East Gas Pipeline in Beijing, with the National Council for Social Security Fund, Urban Infrastructure Construction Investment Fund, Baosteel, and the Industrial and Commercial Bank of China.

As shareholders, the first three parties will invest in the project. Private capital from ICBC will flow to the project through the urban infrastructure facilities investment fund. This is an attempt to bring private capital into major energy and infrastructure projects which used to be funded by public capital.

The Third West-East Gas Pipeline, consisting of one trunk, five branch trunks and three branches, will have a total length of over 5,000 kilometer and a designed annual delivery capacity of 30 billion cubic meters. With gas supply from the Central Asia, the new pipeline starts at Horgos in Xinjiang and will end at Fuzhou in Fujian. The whole project is estimated to be operational in 2015.

LNG World News Staff, June 1, 2012

 

Share this article

Follow LNG World News

Events>

<< Sep 2016 >>
MTWTFSS
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 1 2

The 7th Annual Floating LNG USA 2016

The 7th Annual Floating LNG USA 2016 will bring together over 65 speakers from every part of the FLNG value chain…

read more >

The 2nd Annual South Africa: Gas Options

The 2nd Annual South Africa: Gas Options meeting taking place on 3rd– 5th October at The Westin Cape Town hotel…

read more >

Gas to Liquids

The volatile oil price has had a dramatic impact on the Gas to Liquids market and some large-scale projects’ operators have struggled to adapt to this unsteady landscape. Over the last 12 months, we have witnessed a few promising projects halt or even shut down altogether. However, whilst some doors have had to close, other doors are opening with interesting emerging markets on the new GTL field. A few companies have discovered ways to significantly reduce operating costs and prove to be commercially viable despite the current economic climate.

Against this backdrop, SMi’s 19th annual Gas to Liquids conference will discuss how GTL companies can work with the tumbling oil price and how they can build robust strategies and create effective alternative solutions to enable them to weather the storm. The programme will have a special focus on small-scale GTL projects, giving you the chance to hear first-hand success stories from leading GTL operators. The two-day event will provide the ideal platform for experts to discuss with peers what companies need in place in order to overcome today’s challenges, with leading industry figures dissecting cutting edge topics, including project financing, marketing of GTL projects and innovative alternative applications of GTL plants.

For more information and to register online, visit: www.gas-to-liquids.co.uk

read more >

The Rio Oil & Gas Conference 2016

Rio Oil & Gas 2016 will address topics from energy efficiency to sustainable Oil & Gas industry…

read more >