China National Petroleum Corporation initiate the first business in Dalian LNG

April 21, China Petroleum and Liquefied Natural Gas Co., Ltd. Dalian in observance held in Dalian City, Liaoning Province. The business by the China National Petroleum Co., Ltd., Dalian Port Co., Ltd. and Dalian Construction Investment Company to finance the establishment of widespread, is mostly to blame for the Dalian LNG (LNG) tasks of building and operation. Holders of the tripartite junction project, respectively, 75%, 20% and 5% of the shares.

Dalian LNG fatal task technology, schemes technology and position task is created of three parts. Construction works in two phases. A total buying into of 6.8 billion task, the annual conceive capability to provide 4.2 billion cubic meters, the biggest capability in gas provide five billion cubic meters. The second stage task conceived to provide 8.4 billion cubic meters capability, greatest annual provide capability of 10 billion cubic meters.

Dalian LNG endeavour received from Australia, Qatar and other places of LNG resources, mostly adapted for city gas and industrial fuel. At the same time, relying on LNG endeavour in Dalian, you can exercise on natural gas and downstream endeavours, the establishment of a achieve industrial chain of LNG.

Dalian, China Petroleum and Liquefied Natural Gas Co., Ltd. is a China National Petroleum in the LNG business to form the first joint venture in China to speed up the revitalization of the Party Central Committee in response to oil the old industrial bases in northeast call for sincere cooperation with the Dalian municipal government model is to speed up the China Petroleum Dalian LNG projects, the establishment of offshore oil and gas strategic routes, to protect national energy security, another major move.

China’s Dalian LNG project is the first oil started to import foreign liquefied natural gas resources, large-scale projects. Completion of the project put into operation, will not only ease the Liaodong Peninsula in northeast China and the whole situation of tight supply of natural gas, but also for local economic and social development to provide clean, efficient, stable energy support, in order to create a harmonious economic and social environment, the revitalization of the Northeast, such as the implementation of the national the old industrial bases play an important role in the strategy. At the same time, to take full advantage of China’s oil resources and markets, and enhance the capacity of resources to protect and safeguard the country’s energy security, of great significance. Therefore, the Dalian LNG project to be built into the international energy and resources to deepen mutually beneficial cooperation in the strategic project, construction has become the leading world-class quality works into the promotion of environment-friendly society and the benefit of the masses of green engineering, scientific development into , the harmonious development of the demonstration project.

The Dalian LNG project since April 18, 2008 has started well in April 2011 is expected to officially put into operation.

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