12MAR2019 - NEWS - CNOOC of China in talks with independent firms for accessing its LNG facilities

CNOOC of China which is the biggest operator of liquefied natural gas (LNG) import terminals, is talking to independent companies about access to its facilities after short trial leases last year. The initiative, begun earlier this year, comes amid Beijing plans to form a national pipeline company by combining assets from state energy companies, in a reform of the sector that’s intended to spur private investment and boost use of cleaner-burning natural gas. Gas terminals and storage tanks, in which China National Offshore Oil Corp, parent of CNOOC Ltd, is among the top investors, could be the next assets to be transferred to the pipeline group that is likely to be launched this year. CNOOC is offering pipeline developers such as ENN Energy and LNG distributors such as Longkou Shengtong Energy the chance to use its LNG terminals on China’s east coast over a 10-year period, with a specified number of slots each year.

Published by Editor - www.Livebunkers.com at 12-Mar-2019 05:03:34 [UTC] , contact editor at editor@livebunkers.com