September 2, 2010 / 3:32 AM / 9 years ago

PetroChina readies first LNG wharf - report

BEIJING, Sept 2 (Reuters) - PetroChina Co Ltd (0857.HK) (601857.SS) has completed construction of its first liquefied natural gas (LNG) wharf in the northern city of Dalian, the China Petroleum Daily reported on Thursday.

The 446-metre wharf, which includes a 150-metre trestle bridge, could dock the largest LNG carrier in the world, the company newspaper said.

The Dalian LNG project, comprising a wharf, receiving terminal and gas pipelines, is scheduled to be operational in April 2011.

PetroChina is expected to sell its 75 percent stake in the project to Kunlun Energy (0135.HK), a company controlled by PetroChina, and is diversifying its business into LNG supply, vehicle fuel gas and city gas from oil exploration.

For a factbox of China's LNG import terminals and plans, double click:[ID:nTOE64H04Z], for China's LNG trade, search with O/CHINA7 Reporting by Jim Bai and Chen Aizhu; Editing by Chris Lewis

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