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CNOOC to Develop Chinese LNG Terminal


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Parent company to CNOOC Limited, China National Offshore Oil Corporation, has signed an agreement with Zhejiang Provincial Government to jointly develop China's third LNG terminal in Zhejiang.

The project is envisaged to include three components, an LNG re-gasification terminal, a gas trunk line and a gas fired power plant. The designed capacity of LNG terminal is set around three million tons a year. CNOOC is expected to take a 51% of interest in the project.

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