LNG

China National Offshore Oil Corp., the owner of nine Chinese LNG import terminals and multiple oil and gas stakes, has outlined its business strategy and development plan for 2020 with 10 new projects scheduled to come on stream.

China Offshore Oil Engineering Co. has been awarded a contract to build a second LNG import terminal at Tangshan in northeast Hebei province and the cost of the project is estimated at 8 billion Chinese yuan ($1.1Bln) for the first and second phases.