

【SCI View】CNPC Imported First ISO LNG

SCI99

2019-11-13

CNPC Imported First ISO LNG

On October 23, PetroChina International, CNPC’s overseas trading arm, recently accomplished its first ISO LNG container imports for five containers imported to East China’s Shanghai. The experimental import was mostly for CNPC’s pilot on the ISO program, and this first deal made the path through for future massive imports as a supplementary source to pipeline and LNG terminal transmission, according to CNPC.

As the largest natural gas operator and second largest LNG importer of China, this is the first try of LNG import beside terminals, but CNPC had examined domestic LNG ISO logistics pattern from last year’s April and August by delivery of ISO containers from its Dalian Terminal in Northeast China’s Liaoning Province to East China’s Shandong Province. Meanwhile, many China big companies show interest in this field, like CIMC, CRRC and CNPC, and many ISO container builders are ready to provide hardware support, such as Nantong CIMC Energy Equipment, Chart Cryogenic Engineering Systems (Changzhou), Beijing Tianhai Cryogenic Equipment and Zhangjiagang Hanjung CIT.

Meanwhile, NDRC’s energy arm NEA had a meeting on October 31 and approved four ISO LNG pilot projects in Hebei’s Xingtai City, Anhui’s Wuhu City, Shandong’s Jining City and Hubei’s Huangshi City. The four projects will be constructed by CNOOC’s affiliates, and the storage level for each site is considered to be 400-500 containers totaled at 7,000-8,000 mt, so to satisfy the need for peak-shaving and emergency under NDRC’s 3-day storage level request for municipal level.

Since the first ISO LNG imports in 2017 from Canadian company Fortis BC, China’s LNG import via containers remained in experimental stage, mostly because of the ample global supply and low Asian prices, but companies keep strong confidence in this new logistics method for its convenience and potentials.

......

For more detailed information, please click "Read more".