New LNG terminal opens in Zhejiang
Print Edition
The Liquefied Natural Gas terminal funded by ENN Group, a Chinese private energy company, began operations with Friday鈥檚 arrival of a ship loaded with 69,000 tons of LNG from Australia.
The terminal is in the city of Zhoushan, which houses the China (Zhejiang) Pilot Free Trade Zone. Its operations testify to the great potential in the fields of oil and gas trade both at home and abroad for private companies.
ENN Group has invested nearly 7.7 billion yuan (US$1.1 billion) in the terminal project in Zhoushan, east China鈥檚 Zhejiang Province.
The company also signed purchase contracts involving about 1.75 million tons of LNG annually, according to Ma Shenyuan, the company鈥檚 senior vice president.
Given the increasing global demand for energy and great changes in the energy structure, more and more Chinese private enterprises are entering the global oil and gas market, said Xu Xiaoyue, vice mayor of Zhoushan.
The private sector has gradually become a major actor in the domestic and global oil trading industry, contributing to innovation and development in management of crude trading as well as ensuring the stable supply of domestic crude oil, Li Chenggang, assistant commerce minister, told the International Petroleum and Natural Gas Enterprises Conference in Zhoushan.
An environment-friendly petrochemical base, with an investment of 173 billion yuan from Zhejiang Petrochemical Co Ltd, a mixed-ownership venture, is under construction in Zhoushan.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
