By Chen Aizhu
SINGAPORE (Reuters) – Chinese language city-gas distributor Shenzhen Gasoline <601139.SS> will launch subsequent week in southern China its first fully-owned terminal to import liquefied pure gasoline (LNG), an organization govt instructed Reuters on Friday.
This can make Shenzhen Gasoline the second metropolis gasoline distributor backed by an area authorities that owns an LNG import facility. The primary was Shenergy Group, which opened an LNG import terminal in Shanghai in 2008.
Most of China’s import terminals are owned by the dominant state-run oil and gasoline corporations like China Nationwide Offshore Oil Corp (CNOOC) and PetroChina <0857.HK>.
China is the world’s third-largest pure gasoline client and second-largest LNG importer after Japan.
Qiu Lihua, common supervisor of Sino-Benny, a unit of Shenzhen Gasoline that may function the terminal, mentioned the brand new facility at Yantian port within the metropolis of Shenzhen has an annual capability of 800,000 tonnes of the super-chilled gas.
“This will probably be our personal facility that may…