China gas LNG

Chinese LNG terminals open to third parties for the first time

China has opened some of its State-owned liquefied natural gas terminals to third parties for unloading. The first transaction reached 100m cubic meters on 20 September.

The shipment is estimated to arrive at CNOOC’s LNG terminal in southern Guangdong province in the second half of October, within a delivery window period of 45 days. Delivery locations also cover LNG terminals in southern Guangdong province, Fujian province and Zhejiang province, as well as Shenzhen, Zhuhai and Tianjin cities.

The trial transaction, as a major breakthrough for LNG terminals opening to third-parties, is beneficial to the implementation of the country’s fuel and gas reform policy, as well as the construction of a perfect production-supply-store-sales system for LNG.

According to an executive of CNOOC, services include LNG resource collection, customs clearance and coordination of terminals and supplement infrastructures. With these instructions, downstream users could complete the whole transaction independently in the future.

Source: Xinhua Agency