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Next month, CNOOC's GDF Suez Cape Ann will arrive in Tianjin and become China's first floating LNG receiving terminal.
China's first LNG regasification vessel is expected to be in place next month in preparation for the implementation of the function of the floating receiving station.
According to industry insiders, the 154.13 million cubic meters of GDF Suez Cape Ann (built in 2010) will arrive in Nanjing Port in November (near Tianjin), one month later than the recently announced plan.
Electronic platform data shows that the ship had arrived in Boston on the east coast of the United States last week.
According to CNOOC's plan, the regasification vessel will handle approximately 2.2 million tons of LNG per year. It has a lease term of 5 years and an optional extension period.
From the previous process, the progress of China's construction of floating storage and regasification equipment (FSRU) has been delayed compared to the original plan.
The GDF Suez Cape Ann was earmarked for the project in 2011, but since it was mostly used for aviation trade, it was sent to Singapore's Sembawang Shipyard last year for its management and regasification. The installation is modified to provide continuous regasification.
According to CNOOC’s original statement, the ship’s opening time should be April this year.
The above floating equipment will be used to complete an annual 2.6 million tons of LNG import agreement signed by CNOOC and GDF Suez in 2010.
Tradewind reported last year that CNOOC Limited has announced that it will build its own floating LNG regasification plant and consider planning a second FSRU at the Bohai Bay base near Yantai, Shandong.
Not long ago, it is reported that the project development and energy giant once again revealed that two LNG receiving terminals will be activated this year.
In addition to the aforementioned FSRU in Tianjin, it will also conduct a trial operation of the second receiving station in Guangdong (with an annual handling capacity of 3.7 million tons of Zhuhai land receiving terminals).
By 2015, CNOOC is expected to have nine LNG receiving terminals in operation, and its total handling capacity will reach 40 million tons per year.
The four land-based receiving stations currently operated by the group are located in Guangdong Dapeng, Fujian, Shanghai and Zhejiang, and it plans to build three more in Hainan Island, Jieyang, Guangdong and Shenzhen.