December 20, 2010 / 1:53 AM / 9 years ago

CNOOC's Jieyang LNG terminal gets environmental nod

BEIJING, Dec 20 (Reuters) - CNOOC Group’s plan to build a 2 million tonne-per-year liquefied natural gas (LNG) receiving terminal in southern China has received environmental clearance from Beijing, paving the way for final state approval.

The terminal in Jieyang, Guangdong province, the sixth for the state-run oil company in China, would cost 8.8 billion yuan ($1.3 billion), the Ministry of Environmental Protection said on its website

The investment will include a berth to anchor LNG vessels of between 80,000 and 267,000 cubic metres and a gas pipeline of 170 kilometres.

The report did not give a timeline for when the project would start operations.

CNOOC is the parent of Hong Kong- and New York-listed CNOOC Ltd (0883.HK) (CEO.N).

For a factbox of China’s LNG terminals: [ID:nTOE6BF015] (Reporting by Chen Aizhu; Editing by Chris Lewis)

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