PetroChina in deal to run 1st east China LNG terminal

PetroChina has signed a deal to set up a joint venture to run its first liquefied natural gas terminal in eastern China scheduled to be operational at the end of April in 2011.

The terminal would be mainly fed by fuel imports from Qatar, a report on the website of CNPC, PetroChina’s parent, said.

Qatargas, together with partner Royal Dutch Shell , agreed in April 2008 to sell 3 million tonnes of LNG a year to PetroChina from 2011 for 25 years.
Reuters