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Policy & Regulation

CNOOC makes first long-period TPA transaction

A five-year agreement for third-party access to CNOOC’s LNG terminals is part of China’s efforts to liberalise its gas sector and allow more independent buyers to tap the international gas market A five-year agreement for third-party access to CNOOC’s LNG terminals is part of China’s efforts to liberalise its gas sector and allow more independent buyers to tap the international gas market.
By Tang Tian 13 February 2020 Asia Pacific / Policy & Regulation 0 35023
CNOOC’s LNG import terminal in Putian, Fujian province, China. (CNOOC)

The key issue: CNOOC, China’s biggest operator of regasification capacity, recently awarded a contract with the longest term yet for a third-party user to access its LNG terminals.

Interfax analysis: The five-year contract secured by Jingran Energy in late December to use capacity at China National Offshore Oil Corp.’s (CNOOC’s) LNG terminals is the longest awarded so far by the NOC. The contract, offered by CNOOC on the Shanghai Petroleum & Gas Exchange (SHPGX), underscores the progress made in opening up China’s...