Floating LNG terminal for China

China National Offshore Oil Corporation (CNOOC) is said to have won final government approval to build China’s first floating terminal for liquefied natural gas (LNG), a move that is expected to significantly increase imports.

Phase one of the floating LNG project in the northern Port of Tianjin is said to be worth 3.3bn Yuan (US$539m)

China National Offshore Oil Corporation (CNOOC) is said to have won final government approval to build China’s first floating terminal for liquefied natural gas (LNG), a move that is expected to significantly increase imports.