China First FRSU Receives Approval
OREANDA-NEWS. August 28, 2013. China National Offshore Oil Corp. (CNOOC) last month received approval from the National Development and Reform Commission for the country’s first LNG floating regasification and storage unit (FRSU), CNOOC reported on its web site.
The vessel will be moored in the Nanjiang area of the Tianjiin port on Bohai Bay. The 2.2-million tonne/year Phase 1 will cost nearly USD5.9 billion and, besides the FRSU, include storage and pipelines. An 11-mile, 40-in. gas pipeline will extend between Tianjin Nanjiang port and Lingang Economic Zone.