CNOOC Gets Approval for Tianjin FLNG

CNOOC has been granted approval by State Development and Reform Commission for construction of floating LNG terminal in Tianjin.

The Tianjin LNG project, the first floating LNG project in the country in China, is expected to cost 33 billion yuan or $539 million.

The company said that the project will help in achieving fast supplies of the fuel to the region.

First phase of the project is designed to have an annual receiving capacity of 2.2 million tonnes, CNOOC Gas & Power Group said on its website on Wednesday.