CNOOC's LNG Terminal in Guangdong Province to be Commissioned in September

CNOOC Gas and Power Group is expected to commission its LNG receiving terminal in Jieyang city in China's Guangdong Province in September, according to Xinhua Finance Agency.

The company, which is a subsidiary of China National Offshore Oil Corporation (CNOOC), has finished 92 percent of the work on the project. A total of 3.3 billion yuan has been investment till date, Xinhua Finance said Tuesday.

In the first phase, the terminal would have a handling capacity of two million tons each year. This is expected to reach four million tons each year.

China's economic planner National Development and Reform Commission (NDRC) approved the LNG project in early 2013, Xinhua Finance reported.