CNOOC Gas & Power Group
We regard it as our mission to supply more clean energy for a better life for our people. Based on our understanding of China's demand for energy supply in the long term, CNOOC conducted a study on importing LNG to China's southeast coastal provinces in the middle of the 1990s. The Company has built up its leading position in LNG business in China through construction of several key LNG receiving terminals and investment in related business. Through construction of a number of large-scale LNG projects along southeast coast, the Company will help fuel economic growth as well as achieve balance between energy supply and environment protection.
CNOOC Gas & Power Group, a wholly owned subsidiary of CNOOC, was founded on April 25, 2008. Its business covers technology development, technology services and consulting services for oil and natural gas (including LNG) development and petrochemical engineering; contracting services for engineering design, development, management, maintenance and operation of oil and natural gas (including LNG) development; construction, management and operation of oil and gas pipeline networks; in addition it covers power development, production, supply and other relevant contracting and technology services.
The company's core business was LNG project development, in which the individual segments of natural gas pipeline construction, natural gas power generation, city gas, LNG filling, LNG distribution and natural gas trade progressed well in coordination with each other. It has also begun research, development and utilization of alternative energies and renewable energies.
Guangdong LNG project is China's pilot LNG project and started commercial operation on September 28, 2006. The project followed international practices and complied with China's planning and construction requirements. The scale of its first phase is 3.7 million tons per annum. The Fujian LNG project is the first large-scale LNG project introduced, constructed and managed by a domestic enterprise. It started up commercial operation in May 2009 with its first phase scale of 2.6 million tons per annum. The Shanghai LNG project was successfully put into production. The Zhejiang LNG terminal project phase I wasformally approved by the National Development and Reform Commission, and 3 LNG filling demonstration stations were built in Shenzhen.
In 2010, Gas and power segment has made fresh progress in respect of resources availability, market exploration, pipeline construction and technology innovation, paving a road for its dominant position in the southeast coast of China, by which CNOOC Gas & Power Group (“Gas & Power Group“) further secured and underpinned a top role in domestic LNG industry.
LNG imports for the year amounted to 9.34 million tonnes; with respect to LNG resources, a total of 520 million tonnes of oil equivalent were locked in overseas; LNG receiving capacity reached 12.4 million tonnes per annum; natural gas pipeline network totaled 2,493 kilometers in length; total power generation was 14.68 billion kwh. A significant headway was made in LNG resources availability, thereby setting up a “resources pool” which preserved reasonable proportions of long, medium, short-term and spot resources; LNG terminals in Guangdong Dapeng, Fujian and Shanghai operated well while five LNG terminals in Zhejiang, Zhuhai, Shenzhen, Eastern Guangdong and Hainan jumped off to a good start; the market share of natural gas products was steadily lifted in the southeast coast of China, the dominance in LNG supply was strengthened, and efforts were focused on expanding second-tier markets in the central, northeast and southwest China; while continually expanding general markets such as gas and industrial users in big cities, more efforts were put into exploring alternative fuel markets and developing differentiation in the gas and power markets and LNG vehicle filling markets; technical standards and regulations improved constantly and the strong presence in domestic LNG field was established.
In order to promote the development of LNG clean energy and optimization of PRC energy consumption structure, CNOOC increasingly expanded LNG nonelectricity markets and LNG vehicle filling business, thus enhancing competitive edge of the industry. In 2010, CNOOC has set up a batch of LNG vehicle filling stations in economically developed areas such as Shenzhen and Huizhou. Those stations provided filling service to 1,000 or more LNG vehicles, including buses, taxies, trailers and heavy trucks. The vehicle filling sector made a wonderful debut.
CNOOC Gas & Power Group aims to develop into a world-class clean energy supplier and to provide sustainable, reliable and sufficient energy to coastal areas in China.
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