China National Petroleum Corporation is expected to start operation of its liquefied natural gas (LNG) terminal in Shenzhen of southern China’s Guangdong province in 20 11.

A CNPC official familiar with the issue said the terminal is to receive
natural gas from the central Asian countries via the second ph ase
West-to-East natural gas pipeline. Through the terminal, CNPC also
argets LNG entry into Hong Kong later on.

CNPC’s natural gas output accounts for about 80 percent of natio nal
total figure. Holding of rich upstream resources enables CNPC to c
apture major gas market of the country.

It would also have the responsibility to ensure supply during e
mergency because of its monopoly position. CNPC recently vows to go in

full swing to secure natural gas supply to snowstorm-hit areas in Chi na.

CNPC is the parent company of PetroChina.

Source: iStockAnalyst

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