China LNG

China has now joined Europe in getting ready to use liquid natural gas. BEIJING (Reuters) - China National Offshore Oil Company, or CNOOC, plans to build a receiving terminal of liquefied natural gas in the eastern province of Jiangsu that is expected to cost 14.4 billion yuan ($2.17 billion), local media reported on Friday. The project, located in the city of Yancheng, will include a berth to anchor 100,000 ton vessels, land-based storage and a pipeline grid and is expected to be completed in December 2020, the official local newspaper Xinhua Daily reported, without saying how it received the information.