Platts: China's First Private LNG Import Terminal Project in Zhejiang Delayed

The start-up of China's first privately owned LNG import terminal project has been postponed, a source close to independent gas distributor and project operator ENN said Monday, February 16.

The 3 million mt/year Zhoushan LNG terminal project in China's eastern Zhejiang region received construction approval from Beijing in January this year and was initially scheduled for completion by end 2016.

However, the commissioning has now been delayed until late 2017 or 2018, said the source, who did not disclose the reasons for the delay.

Slow downstream demand, driven by rising gas prices and sluggish GDP growth, coupled with rising pipeline imports and plunging prices of alternative fuels, have halved China's LNG consumption growth, said industry sources. MORE