LNG Carrier to Enter Service in China by End of Year

According to reports, China LNG Shipping (Holdings) Ltd plans to put the first liquefied natural gas (LNG) carrier built in China into operation by the end of this year, serving Guangdong Dapeng LNG Co, an official of China LNG said.

A company official said China LNG would also build carriers for CNOOC Ltd's LNG terminals in the eastern province of Fujian and in Shanghai, which are expected to be operational in 2009 Xu said China needed 25-30 LNG carriers by 2020, with the country's natural gas consumption growing sharply and projected to be 200-240 bln cubic meters by then. Last year, China consumed 55.6 bln cubic meters. Source: Forbes