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Project Insights

China’s giants pull back from inland terminals

Independents and local government-owned companies will lead the development of two of China’s earliest inland LNG terminals, something that could be the start of an industry trend Independents and local government-owned companies will lead the development of two of China’s earliest inland LNG terminals, something that could be the start of an industry trend.
By Tang Tian 3 days ago Asia Pacific / LNG 0 34303
An LNG tanker at Guanghui’s Qidong LNG terminal (Guanghui Energy)

The key issue: State-owned giants China National Offshore Oil Corp. and China Huadian Corp. have quietly backed out of proposed inland LNG terminals along the Yangtze River, ceding ground to local developers that will be expected to spearhead future development.

Interfax analysis: The recent withdrawal of large state-owned energy and power companies from inland LNG terminal projects in China signals that local businesses will be relied upon to lead the development of these facilities in the future. However, major state-owned enterprises – mainly China’s...