14 August 2013, News Wires – China National Offshore Oil Corporation’s gas and power division has gained development approval for the country’s first floating liquefied natural gas terminal, Tianjin LNG.
CNOOC said that the State Development and Reform Commission had given its formal go-ahead for the facility in the northern port city of Tianjin.
“Compared with a normal LNG terminal, the floating LNG terminal in Tianjin can realise rapid LNG supply, shortening construction period by three to four years,” the company said, according to a translation by Reuters.
The second phase of the project will add an onshore LNG terminal, with an annual receiving capacity of no less than 6 million tonnes, or 8 billion cubic metres, CNOOC said.
Natural gas from the terminal will supply Tianjin and the neighboring capital Beijing, as well as Hebei and Shandong provinces, it added.
By the end of 2015, natural gas demand in Tianjin will reach 16 billion cubic metres, according to the Chinese state giant.
Tianjin LNG comes after four coastal LNG terminals already built in China, Fujian LNG, Zhejiang LNG and Shanghai LNG, with several more onshore terminals also in the works.
– Upstream
