Skip to main content

CNOOC considering opening up LNG terminals

Published by
LNG Industry,

According to the latest Reuters report, China’s CNOOC is currently holding talks with independent companies regarding access to its LNG import facilities. These talks follow the company trialling a short lease period last year.

China’s government is reportedly considering plans to form a national pipeline company by pooling assets from state energy companies. The reform aims to boost private investment and increase the usage of natural gas a cleaner fuel.

As a significant investor in gas terminals and storage tanks, CNOOC could see its assets allotted to the pipeline group, which is expected to be launched later this year.

It is understood that CNOOC is holding these latest talks on the basis of offering pipeline developers like ENN Energy, as well as LNG distributors such as Longkou Shengtong Energy, the opportunity to use its LNG facilities for a 10-year period. A limited number of slots would be offered across the year.

This venture holds an incentive of tens of millions of dollars of relatively risk-free revenue for CNOOC.

Read the article online at:

You might also like


[WEBINAR] Why Risk-Adjusted Project Forecasting Is Becoming the New Norm

This webinar will walk the audience through a methodology for developing risk-adjusted plans, leveraging remote collaboration techniques for disparate and socially distanced teams. This next-generation risk management approach is already proving itself on numerous oil and gas CAPEX projects. Find out why InEight expects the trend of risk-adjusted scheduling adoption to continue. Register for free today »


Embed article link: (copy the HTML code below):


This article has been tagged under the following:

LNG project news LNG import news Natural gas news China LNG news


LNG Industry is not responsible for the content of external internet sites.