December 15, 2010 / 11:25 AM / 9 years ago

China's CNOOC starts building Jieyang LNG terminal

BEIJING, Dec 15 (Reuters) - China National Offshore Oil Corp (CNOOC), the country’s third largest oil and gas firm, has started building a new liquefied natural gas (LNG) terminal in southern province of Guangdong, the company said on Wednesday.

The terminal in Jieyang city will be able to receive 2.0 million tonnes of LNG per year when the first phase construction finishes, it said.

It didn’t specify when the terminal will come onstream.

The capacity is far bigger than the expected first phase of 0.3 million tonne per year reported by media earlier.

Investment in the LNG project, including a terminal, pipeline and a wharf, totalled 10.3 billion yuan ($1.55 billion), it said.

The Jieyang terminal was the second LNG project CNOOC has begun building in Guangdong in the past two months.

In October, CNOOC started construction a LNG terminal in Zhuhai, also in Guangdong, which will have a capacity of 3.5 million tonnes per year when it is put into operation in 2013.

For a factbox of Chinese LNG projects, please click on [ID:nTOE6A7026] ($1=6.656 Yuan) (Reporting by Judy Hua and Tom Miles)

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