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China: CNOOC subsidiary launches LNG bunkering station project in Guangdong Province

23 Aug 2022

CNOOC Guangdong Water Transportation Clean Energy Co. Ltd., a subsidiary of CNOOC Group, on Friday (19 August) launched a liquefied natural gas (LNG) bunkering station project. 

The project is the first LNG bunkering station to be built in Guangdong Province, marking an important milestone in the inland waterway green development in the area. The floating bunkering station is also CNOOC’s first LNG ship bunkering station. 

One 3,000 tonnes berth for bunkering will be built and two 250 cubic metres (m3) LNG storage tanks will be installed, which can refuel up to 100 vessels. 

Guangdong Province plans to build or renovate about 1,500 LNG-powered ships while CNOOC is aiming to build and operate 15 LNG bunkering stations as part of the country’s 14th Five-Year Plan (2021-2025).

With 1,500 LNG-fuelled vessels, the annual demand for LNG bunker is projected to be about 400,000 metric tonnes (mt).

Currently, CNOOC has signed LNG supply contracts for about 400 ships and it is expected that nearly 300 LNG-powered ships will be put into operation this year.

Disclaimer: The above article published by Manifold Times was sourced from China’s domestic market through a local correspondent. While considerable efforts have been taken to verify its accuracy through a professional translator and processed from sources believed to be reliable, no warranty is made regarding the accuracy, completeness and reliability of any information.

 

Photo credit: Manifold Times
Published: 23 August, 2022

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