China National Petroleum Corporation set up the first joint venture in Dalian LNG

April 21, China Petroleum and Liquefied Natural Gas Co., Ltd. Dalian in observance held in Dalian City, Liaoning Province. The business by the China National Petroleum Co., Ltd., Dalian Port Co., Ltd. and Dalian Construction Investment Company to finance the establishment of widespread, is mostly to blame for the Dalian LNG (LNG) tasks of building and operation. Holders of the tripartite junction project, respectively, 75%, 20% and 5% of the shares.

Dalian LNG terminal project engineering, systems engineering and station project is composed of three parts. Construction works in two phases. A total investment of 6.8 billion project, the annual design capacity to supply 4.2 billion cubic meters, the largest capacity in gas supply five billion cubic meters. The second phase project designed to supply 8.4 billion cubic meters capacity, maximum annual supply capacity of 10 billion cubic meters.

Dalian LNG endeavour received from Australia, Qatar and other places of LNG resources, mostly adapted for city gas and industrial fuel. At the same time, relying on LNG endeavour in Dalian, you can exercise on natural gas and downstream endeavours, the establishment of a achieve industrial chain of LNG.

Dalian, China Petroleum and Liquefied Natural Gas Co., Ltd. is a China National Petroleum in the LNG business to form the first joint venture in China to speed up the revitalization of the Party Central Committee in response to oil the old industrial bases in northeast call for sincere cooperation with the Dalian municipal government model is to speed up the China Petroleum Dalian LNG projects, the establishment of offshore oil and gas strategic routes, to protect national energy security, another major move.

China’s Dalian LNG endeavour is the first oil commenced to import foreign liquefied natural gas resources, very many projects. Completion of the endeavour left into task, not able to simply alleviate the Liaodong Peninsula in northeast China and the every component of circumstances of tight give of natural gas, but also for provincial fiscal and social expansion to deliver bathe, efficient, firm energy encourage, in lead to write a harmonious fiscal and social setting, the revitalization of the Northeast, such as the implementation of the national the old industrial foundations play an noteworthy role in the strategy. At the same time, to take full gain of China’s oil resources and markets, and improve the size of resources to shield and safeguard the country’s energy protection, of great significance. Therefore, the Dalian LNG endeavour to be built into the worldwide energy and resources to deepen mutually beneficial cooperation in the strategic endeavour, erected plan has become the directing world-class quality works into the ad of environment-friendly society and the superiority of the masses of green engineering, scientific expansion into , the harmonious expansion of the instance project.

The Dalian LNG project since April 18, 2008 has started well in April 2011 is expected to officially put into operation.