Monday, June 17, 2019

East China LNG Terminal Records 93% Sales Increase

June 4, 2018

© philipus / Adobe Stock

A liquefied natural gas (LNG) import terminal in east China operated by China National Offshore Oil Company, or CNOOC, recorded an increase of 93 percent in gas sales in the first five months of this year, the state oil company said on Monday,

CNOOC's LNG sales from the Ningbo terminal in Zhejiang province hit 2 million tonnes by the end of May, nearly doubling the amount from a year ago, according to a statement posted on CNOOC's website.

The gas sales are expected to head higher in the coming few months as demand for the fuel rises with hotter summer temperatures.

The report did not give a breakdown for sales via pipeline and LNG trailers, the latter has boomed since last winter to meet fast demand growth spurred by Chinese government's gasification drive.

(Reporting by Chen Aizhu; Editing by Christian Schmollinger)

Related News