LNG

Ningbo terminal imports 58 LNG cargoes so far this year

China National Offshore Oil Corp. has received 58 LNG cargoes at its Ningbo terminal so far this year
By Staff reporter 12 October 2018 0 32892

China National Offshore Oil Corp. (CNOOC) has received 58 LNG cargoes at its Ningbo terminal so far this year, the company said on Thursday.

CNOOC expects Ningbo to receive a total of 88 cargoes for 2018 as a whole.

The terminal is currently supplying 16 million cubic metres (MMcm) of regasified LNG into the local pipeline network every day and is expected to supply 450-500 MMcm in total this month. This would be an increase of 125% year on year.