Marine Link
Saturday, September 24, 2016

China Struggles to Find LNG for Terminal Projects

December 6, 2005

China will have a hard time acquiring enough LNG to feed its planned LNG terminals, according to a China Daily report. So far, Chinese companies have proposed building 16 LNG receiving terminals, with as many as 10 of these originally planned to be operational by 2010. However, so far, only two terminals, the most advanced in construction terms, have secured long-term gas supplies, according to the report. These are Guangdong’s Dapeng LNG and Fujian projects, which will start operations in June 2006 and at the end of 2007 using LNG from Australia’s Northwest Shelf and Indonesia’s Tangguh LNG, respectively. Despite successes in lining up gas for those two projects, CNOOC (CEO) has made little headway in its efforts to buy LNG from Chevron Corp.’s Gorgon project in Australia, mainly due to disagreements on price. According to the report, prices are high due to a shortage of LNG in Asia. Source: China Daily


Maritime Reporter Magazine Cover Sep 2016 - Maritime & Ship Security

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News