Project Profile
Value: US$892.84 million
Location: Tianjin
Regas Capacity: 750mmscf/day
Start-up year: 2013
The project, costing 5.7 billion yuan (US$892.84 million), would be able receive 2.2 million tonnes of the fuel annually and all the LNG will be imported.
The 145,000 cbm GDF Suez Cape Ann, which is being used as an LNG import terminal in Tianjin, is moored about 20 kilometers away from the blast site. GDF Suez Cape Ann is owned by Höegh LNG Partners, a unit of Norway’s Höegh LNG, but it is under a 20-year charter until 2030 to France’s Engie, formerly GDF Suez. It is serving the Tianjin project under a sub-charter between Engie and CNOOC signed in 2013. The purpose of the FRSU is to replace demand for imported liquid fuels with domestic LNG. It has a regas capacity 750mmscf/day.
Operator:
China National Offshore Oil Corp (CNOOC): Operator with 100% interest