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Project Insights

CNOOC steps up LNG bunkering in China

Construction has started on CNOOC’s first pair of LNG bunkering vessels, which once finished will enable the state-owned LNG importer to start realising its ambitions of building a national refuelling network Construction has started on CNOOC’s first pair of LNG bunkering vessels, which once finished will enable the state-owned LNG importer to start realising its ambitions of building a national refuelling network.
By Tang Tian 16 May 2019 Asia Pacific / LNG 0 34223
The CNOOC 301 small-scale LNG carrier berthing at CNOOC's Tianjin terminal. (CNOOC)

The key issue: State-owned China National Offshore Oil Corp. gave the go-ahead last month for construction to start on its first two LNG bunkering vessels after an internal investment committee approved feasibility studies for the ships.

Interfax analysis: The start of construction on two LNG bunkering vessels by China National Offshore Oil Corp. (CNOOC) represents an important milestone in the NOC’s efforts to develop a “two horizontals, two verticals” LNG bunkering network to criss-cross China. The two horizontals refer to the major...