Tagged PetroChina

Caofeidian LNG’s storage capacity boosted to meet Chinese demand

By LNG World News Rising demand in China for liquefied natural gas (LNG) as a cleaner fuel has prompted PetroChina and Beijing Enterprises Group to expand the storage capacity at the Caofeidian LNG terminal in Northern China. Citing an unnamed PetroChina source, Reuters reports that the companies will each build two storage tanks with a…

Beijing Gas Blue Sky to buy stake in PetroChina Jingtang LNG

By LNG World News Beijing Gas Blue Sky signed a memorandum of understanding with Beijing Gas Group and its unit Beijing Gas Company to purchase 29 percent equity interest in PetroChina Jingtang LNG. PetroChina Jingtang is engaged in the provision of port facilities for LNG vessels, provision of cargo handling services, warehousing and loading services…

Beijing Enterprises buying stake in PetroChina Jingtang LNG

By LNG World News Image courtesy of CNPCBeijing Enterprises has agreed to purchase a 29 percent equity interest in PetroChina Jingtang LNG for a total of 966 million Chinese yuan ($145.2 million). The target company is owned by PetroChina and Hebei Natural Gas, and is principally engaged in the provision of port facilities for vessels,…

Kunlun Energy buys Jingtang LNG equity from PetroChina

By LNG World News Illustration purposes only (Image courtesy of CNPC)Kunlun Energy has agreed to acquire 51 percent equity interest in Jingtang LNG from its parent company, PetroChina, for 1.5 billion Chinese yuan ($231.9 million). Jingtang LNG, set up by PetroChina in 2012, is engaged in LNG terminal operation, storage and regasification services as well…

Gazprom looking to strengthen gas cooperation with China

By LNG World News Gazprom’s head Alexey Miller held talks with China’s vice president Zhang Gaoli and Wang Dongjin, vice president of CNPC and president of PetroChina, discussing supply or Russian gas to China. Miller and Gaoli discussed the Russian gas exports to China, especially the progress in the establishment of the eastern route and…

LNG Canada targets FID in 2018 unfazed by government change

By LNG World News Image courtesy of LNG CanadaShell-led LNG Canada project is targeting a final investment decision in 2018 for the construction of the liquefied natural gas export facility in Kitimat, British Columbia. Speaking to Reuters, LNG Canada’s chief executive, Andy Calitz, said works on the C$40 billion ($31.8 billion) project are unaffected by…

Petrobras in strategic partnership with CNPC

By Offshore Energy Today.. Petrobras CEO Pedro Parente and Vice President of CNPC and CEO of PetroChina Wang Dongjin on Tuesday signed a memorandum of understanding in Beijing to structure a strategic partnership. Pursuant to this MoU, the companies agreed to jointly evaluate opportunities in Brazil and abroad in key areas of mutual interest, benefiting…

Amec Foster Wheeler inks services deal with Arrow Energy

By LNG World News Image courtesy of Amec Foster WheelerLondon-based LNG engineer Amec Foster Wheeler signed a five-year master services agreement with Arrow Energy to support its coal seam gas (CSG) development and production in Queensland, Australia. Arrow Energy, a joint venture between Shell and PetroChina supplies approximately 20 percent of Queensland’s natural gas requirements….

Australia’s Arrow Energy plans Tipton gas project expansion

By LNG World News Australia’s Arrow Energy, the joint venture between Shell and PetroChina, said on Monday it would begin the front-end engineering design work on an expansion of its Tipton gas project in Queensland’s Surat Basin. The expansion would boost capacity at Tipton to more than 80 terajoules (TJ) a day from 33 TJ/day….