China Building LNG Networks

According to recent AFX News reports, China has started building two LNG networks along its southern coastline. China National Offshore Oil Company (CNOOC) currently has two LNG projects under construction in the provinces Guangdong and Fujian, with an annual planned capacity of 7 million tons and 2.6 million tons, respectively. The Guangdong project is expected to be completed next year with the Fujian network to become operational in 2007, according to the report. CNOOC plans to build two 6 million ton LNG plants in the Zhejing province and in Shanghai, both scheduled to be operational in 2008. Source: AFX News