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Project Insights

CNOOC's TPA drive for LNG terminals loses its sheen

The Chinese NOC is warming to the principle of open access to its LNG terminals, but its offer to third-party users may be a tough sell The Chinese NOC is warming to the principle of open access to its LNG terminals, but its offer to third-party users may be a tough sell.
By Colin Shek 14 March 2019 Asia Pacific / LNG 0 34039
CNOOC’s Ningbo LNG terminal. (CNOOC)

China’s biggest operator of regasification capacity is under growing pressure to grant smaller companies access to its LNG terminals, but the rigid terms on offer may be too much of a hard sell for prospective importers.

Towards the end of 2018, China National Offshore Oil Corp. (CNOOC) took tentative steps to open up its LNG terminals to third parties after having dragged its feet for years because it feared losing its competitive edge. CNOOC’s embrace of third-party access comes amid preparations by Beijing to form a...