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Tuesday, April 28, 2009

Self-sufficiency the goal for China’s LNG supply chain


Shanghai: A senior spokesperson for Beijing’s National Energy Administration, He Ying, outlined China’s plans to become self-sufficient in both shipbuilding and transportation of LNG in the coming years in an opening address at TradeWinds’ Shipping China Energy conference in Shanghai.
The official said that more LNG terminals would be built in Jiangsu and Zhejiang provinces to go alongside the four current stated terminals in Shenzhen, Shanghai, Fujian and Liaoning.
The administration warned that there were likely to be 400 LNG carriers operating worldwide by end 2010, up from the current 305. “On the whole, supply of carriers will outstrip demand from 2008 to 2010,” the spokesperson said.
Hudong-Zhonghua is completing the last three of the debut six-ship LNG order at the moment. The yard has also developed a 200,000 cu m design to go alongside its 160,000 cu m design.
“China’s goal is to become self-sufficient in LNG shipbuilding and transportation,” the spokesperson concluded. [27/04/09]