Fujian LNG Project Secures Downstream Market

abarrelfullabarrelfull wrote on 10 Aug 2012 11:31

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01 Aug 2007

On July 27th 2007, the purchases and sales contract (revision) of Fujian LNG Project was signed in Fuzhou, thus finally fixing the downstream market of Fujian LNG Project.

Downstream customers of Fujian LNG Project consist of city fuel gas users and power plant users. Since 2009, Fujian LNG Project will supply 2.6 million tons of LNG annually to 5 city fuel gas users, including Fuzhou, Putian, Quanzhou, Xiamen and Zhangzhou, and 3 power plant users, such as Putian, Jinjiang and Xiamen Power Plant, for a period of 25 years.

Wu Zhenfang, the vice president of CNOOC, addressed at the signing ceremony that effective execution of the purchases and sales contract for Fujian LNG Project would be of practical economical significance in light of the global resource shortage. It will make remarkable contributions to the development of industrial enterprises and economy in Fujian Province for a long period in the future.

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