China’s independent LNG buyers of are taking their first cargoes as Beijing permits third-party use of idle capacity at import terminals and approves the new players’ long-term plans to build their own facilities. 103 more words
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Oil & Gas Council, one of the most senior and influential network of oil and gas executives in the world, has selected ENN Energy as the winner of Outstanding Contribution to Chinese Energy Award for pioneering new developments and inspiring other O&G entrepreneurs in the Chinese gas markets.
ENN Energy is in negotiations with an unnamed Asian LNG supplier for a long-term contract that will commence around 2018 for the 3-mtpa Zhoushan terminal. ENN received construction approval in Jan 2015, with works initially scheduled for completion by end-2016. 15 more words
Commissioning of the proposed 3 mtpa LNG import terminal, owned by independent gas distributor ENN of China, has been delayed. China’s import facilities has been underutilized, with average utilization rate for the 12 LNG import terminals in China at 55.2% in 2014.
via LNG World News