Located in Zhejiang in China, the Zhejiang regasification terminal is operated by CNOOC. The terminal started operations in 2013 and is owned by China National Offshore Oil, Zhejiang Provincial Energy Group, and Ningbo City Power Developing.
With a storage capacity of 0.44 million tons (Mt), the Zhejiang terminal currently has a regasification capacity of 292.2bcf/annum (billion cubic feet), which is expected remain the same as 292.2bcf/annum by 2030.
CNOOC Ltd (CNOOC), a subsidiary of China National Offshore Oil Corp, is an upstream oil and gas company. It carries out the exploration, development, production, and sale of crude oil and natural gas. The company operates major oil fields in Bohai, Western South China Sea, Eastern South China Sea, and the East China Sea. It operates either independently or in cooperation with foreign partners through production sharing contracts. In overseas, the company holds interests in oil and natural gas blocks in Asia-Pacific, Europe, Middle East and Africa, and the Americas. CNOOC is headquartered in Beijing City, Beijing, China.
MethodologyInformation on the terminal is sourced from GlobalData’s LNG regasification database that provides detailed information on all active and upcoming, large – scale LNG regasification terminals globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.