Zhuhai port extends LNG business with CNOOC

Zhuhai port announced the company is planning to set up a jv with CNOOC Energy Development, under a 40;60 ownership, to boost LNG business at Zhuhai Gaolan port area, SinoShipNews reports.

The jv will be engaged in LNG receiving terminal tugboat service at Gaolan, environment protection service, and promoting LNG bunkering services.

The project plans to invest around RMB177.56m to build two 6500HP tugs then to be chartered to CNOOC Gas & Power Group, which aims at 40m tons annual import volume of LNG by 2015.