Last month the China National Offshore Oil Corp. (CNOOC) received approval from the National Development and Reform Commission for the country’s first LNG floating regasification and storage unit (FRSU), according to CNOOC’s web site.
The vessel will be docked in the Nanjiang area of the Tianjiin port on Bohai Bay. The 2.2-million tonne/year Phase 1 will cost nearly $5.9 billion and in addition to the FRSU, includes storage and pipelines.
A gas pipeline measuring 11-mile, 40-in. will extend between Tianjin Nanjiang port and Lingang Economic Zone.