FT: China’s inland LNG capacity expansion presents major export opportunities for foreign technology providers

The China National Offshore Oil Corporation (CNOOC) is planning to dramatically expand its inland liquefied natural gas (LNG) capacity, and will need to import foreign technology, said Chen Ruiquan, general manager of the company’s LNG carrier projects.

While sometimes perceived as a threat to foreign nations, China’s infrastructure development initiatives are often the source of major opportunities for foreign exporters. China has relied heavily on imported technology, equipment, and expertise in order to develop its energy sector, and will likely continue to in the future.

Foreign companies with advance knowledge of China’s infrastructure expansion plans, and the specific demands they will create, stand to take advantage. MORE