LNG

China National Offshore Oil Corp. has received the first liquefied natural gas cargo, delivered from Qatar, to the giant Yancheng-Binhai Port import terminal with 10 storage tanks in eastern Jiangsu Province.

China National Offshore Oil Corp., the state-backed oil and gas producer and the nation’s largest LNG import terminal owner, said annual net profits rose almost 16 percent as it achieved record production in 2019.