Country for PR: China
Contributor: PR Newswire Asia (China)
Thursday, April 11 2019 - 19:46
CNOOC propels development of China's LNG industry at LNG2019
BEIJING, April 11, 2019 /PRNewswire-AsiaNet/ --

China National Offshore Oil Corporation (CNOOC), the country's biggest offshore 
oil and gas producer, is proactive in facilitating the innovation of 
technology, management and business model, continuously injecting new impetus 
into the development of LNG industries.

CNOOC is committed to providing stable and reliable clean energy and the 
company has already shaped two natural gas supply models, Yang Hua, president 
of CNOOC, said on April 2 at the opening ceremony of the 19th International 
Conference & Exhibition on Liquefied Natural Gas (LNG2019) held in Shanghai.

Yang pointed out that natural gas has increasingly become the backbone of 
global energy transition, and LNG has gradually become the most active form of 
natural gas supply.

In China, LNG has emerged as an important source of natural gas, and in 
particular, a major source during the peak in coastal areas, making it 
increasingly important in China's natural gas supply system, said Yang, adding 
that as the world's second largest importer of LNG, China has built 21 LNG 
terminals across the nation, with an annual receiving capacity of 80 million 
metric tons (tonnes), and imported over 230 million tonnes of LNG, making a 
remarkable contribution to the prosperity of the world's LNG industry.

He also noted that CNOOC has by now 10 LNG terminals in operation with an 
annual receiving capacity of 45.2 million tonnes, and meanwhile the company 
aggressively pushed forward the extension of existing LNG terminals and the 
layout of new projects.

CNOOC will, with a more enterprising attitude, open posture and steady steps, 
join hands with domestic and foreign peers to deepen their all-round 
cooperation in the entire industrial chain, toward a brighter future for the 
global LNG industry.

Li Hui, vice-general manager of CNOOC, also attended the opening ceremony and 
gave a speech at the theme forum on April 3.

The four-day LNG2019, under the theme of "LNG for a sustainable energy future", 
focused on the industry's challenge of answering an increasing demand for 
reliable and clean sources of energy.

Dubbed "the Olympics of the LNG industry", the International Conference & 
Exhibition on Liquefied Natural Gas began in 1968, and is held every three