PetroChina Forms Jiangsu Rudong JV Pipeline Company

PetroChina, Shenergy (Group) Company Limited and Yangkou Port Company Limited have established the Jiangsu Rudong JV Pipeline Company.

The company was officially established on March 9 in Shanghai, China.

PetroChina, Shenergy (Group) Company Limited and Yangkou Port Company Limited will each have a share of 50%, 40%, and 10% respectively, CNPC, PetroChina's parent company, said last week.

The newly established JV will invest, build and operate the Rudong-Haimen-Chongming Gas Pipeline, which starts from the initial station of output pipeline at the Rudong LNG terminals, Jiangsu Province, and runs through Rudong, Tongzhou, and Haimen, where the pipeline crosses the Yangtze River to enter the Chongming Island in Shanghai.

The pipeline has a total length of around 90km, a designed pressure of 10MPa, a pipe diameter of 610mm, and a designed annual delivery capacity of 1.84 billion cubic meters.

On January 29, the directional drilling crossing of 3,440m at the Yangtze River was completed, CNPC said.