National Development and Reform Commission approves the first phase of Fujian LNG project to be completed and put into operation by the end of 2007

This reporter (Reporter Qiu Meihui) reporter learned from the Fujian Provincial Development and Reform Commission and the Fujian Provincial Department of Construction yesterday that the first phase of the Fujian LNG project has been approved by the National Development and Reform Commission, and the project is scheduled to be completed and put into production by the end of 2007. The overall scale of Fujian LNG project is 5 million tons/year, and the overall project includes nine sub-projects: station line project such as receiving station storage station in Putian Xiuyu, city gas project in Fuzhou, Xiamen, Quanzhou, Zhangzhou, Putian, Jinjiang, Xiamen Three gas power plant projects in Putian. The main construction contents of the first phase of the project include LNG receiving stations and gas transmission lines, LNG transportation projects, newly-built gas-fired power plants, five-city gas users, and LNG tanker gas supply projects with scale of 2.6 million tons/year, with a total investment of approximately RMB 24 billion. . The LNG supplier for the first phase of the project was the Tanggu Gas Field Project in Indonesia. The State Council agreed to enjoy the preferential tariff of zero import tariff rate; the total investment of the station line project was 554517 million yuan, and China National Offshore Oil Corporation contributed 60% and the total investment in Fujian The company invested 40% in a joint venture to form a joint venture, where the receiving station and the dedicated terminal are located at the Xiuyu Port area of ​​Putian; the transportation project is jointly formed by China Ocean Shipping Corporation and China Merchants Group Co., Ltd.; the gas power plant is arranged by 10 sets of 350,000 kilowatt-class gas turbines. The progress of its construction is based on the gradual arrangement of Fujian's electricity market and LNG supply and approval in accordance with relevant procedures.

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