CNOOC of China Plans LNG Terminal

CNOOC of China is planning to build an LNG import terminal, worth approximately $1.1 billion, in the southeastern province of Fujian.

The 3 mtpa LNG project is in its first phase and waiting for the final approval from Beijing to start construction, Reuters cited the company’s spokesman as saying.

The project will include a port able to accommodate 260,000 cbm tankers and three storage facilities of 160,000 cbm each.

LNG World News Staff, January 08, 2014; Image: CNOOC

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