On June 28th, the CNOOC Jiangsu Binhai LNG project with a total investment of 14.4 billion yuan was launched at Binhai Port. This is a major infrastructure project for CNOOC Group and Yancheng to implement natural gas production, supply, storage and sales systems and ensure stable supply of natural gas.
The CNOOC Jiangsu Binhai LNG Project includes the construction of 100,000 tons of LNG wharf, onshore storage tank area, gas pipeline network, and anti-wave sand barrier. CNOOC's independently developed 220,000-square tank storage technology will be used for the first time to create a precedent for the construction of the largest domestic LNG storage tank. The project is expected to be completed by December 2020, and the annual sales income can reach 27 billion yuan after the project is put into production, which will help build a new type of integrated energy industry base in Binhai.
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