China’s CNPC Gets OK to Construct LNG Storage in Hainan

By International Business Times,  June 27, 2012, 04:59:57 AM EDT

China National Petroleum Corp (CNPC), the country's biggest oil and gas producer, has been granted the go-ahead to construct a $133.6 million worth liquefied natural gas ( LNG ) storage terminal project on Hainan island.

According to the China Energy News on Monday, the project involved some 200,000 cubic metres of LNG storage tanks as well as receiving wharf equipped to accept 10,000-20,000 cubic metres on LNG ships.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: LNG



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