|On December 11, the foundation-laying ceremony of Yuedong LNG Project was held in Jieyang, Guangdong. The project is invested by CNOOC Gas & Power Group.
Yuedong LNG Project has been included in Guangdong Province Oil and Gas Pipelines Network Planning, as a part of the provincial natural gas supply network. The project covers the construction of an LNG receiving terminal and transmission pipelines, with a total investment of RMB 10.3 billion. Upon the completion of phase 1, the project would have an annual LNG processing capacity of 2 million tons.
Release date:11 Dec 2010