CNOOC’s Tianjin terminal has signed 32 contracts since startup

China National Offshore Oil Corp.’s Tianjin LNG terminal has signed 32 sales contracts for deliveries since it came online in December 2014.
By Staff reporter 11 August 2017 0 27154

China National Offshore Oil Corp.’s Tianjin LNG terminal has signed 32 sales contracts for deliveries since it came online in December 2014, the company has announced. The deals cover total sales of 600,000 tpa.

The terminal has made a loss every year since it was operational, but it is expected to turn a profit this year by increasing sales and reducing production costs.

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