The first cargo of the new LNG terminal in Shenzhen comes from Eni

August 20, 2019

Abstract : The infrastructure is the second of its kind in the country. The importation facilities are, indeed, usually owned by the main oil and gas companies such as China National Offshore Oil Corp and PetroChina. The only exception is the Shenergy group, operating in the Shanghai terminal since 2008.

MILAN, Aug 19 (Class Editori) – Eni provides the first cargo of liquefied natural gas arriving at the new terminal of the Shenzhen Gas Corporation. The infrastructure, to be launched this week, is the first for the LNG import entirely owned by the subsidiary of the local administration of the megalopolis in southern China.

According to reports by the Azerbaijani press agency Trend, the first cargo will be of 65 thousand cubic meters of liquefied natural gas. The infrastructure is the second of its kind in the country. The importation facilities are, indeed, usually owned by the main oil and gas companies such as China National Offshore Oil Corp (Cnooc) and PetroChina. The only exception is the Shenergy group, operating in the Shanghai terminal since 2008, which is now followed by the project in Shenzhen.

China is the world's third largest consumer of natural gas and the second largest LNG importer after Japan. According to the estimates of Shenzhen Gas, the new facility in the Yantian port has an annual capacity of 800,000 tons of refrigerated fuel. The terminal is located about 10 kilometers away from the Dapeng LNG plant managed by Cnooc, of which Shenzhen Gas holds a minority stake.

According to Qiu Lihua, executive director of Sino-Benny, a unit of the municipal company, the demand for natural gas in Shenzhen will maintain double-digit growth in the coming years, driven by the use of the resource for domestic use and for energy production. By the end of 2020, in fact, the number of families connected to the gas network will double, today they are 2.1 million. That is a merit of administrative policies to discourage the use of gas cylinders.

The project was supported by the new strategy of the central government for the realization of storage points, launched to remedy the supply problems that occurred during the winter between 2017 and 2018.

(Source:Class Editori)

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