Chongming Island to get natural gas
PETROCHINA Co has teamed up with Shenergy (Group) Co and Yangkou Port Co to set up a natural gas pipeline in Jiangsu Province that will serve Shanghai’s Chongming Island, PetroChina said yesterday.
The 90-kilometer natural gas pipeline, which crosses the Yangtze River, starts from Jiangsu’s Rudong County and is expected to carry 1.84 billion cubic meters of gas each year.
PetroChina owns half of the new joint venture, Shenergy takes 40 percent, and Yangkou Port has 10 percent.
Shenergy will also build a gas power station in Chongming to replace coal as the main source for electricity. It will be PetroChina’s third gas pipeline to Shanghai after those in Qingpu and Jinshan districts.
The new company was approved by the Chinese government in November.
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