Article

China's National Development and Reform Commission has approved PetroChina's plan to construct liquefied natural gas (LNG) pipelines and a terminal in Jiangsu Province. The $2.4 billion project will enable PetroChina to compete with Sinopec Corp. and China National Offshore Oil Corp. in developing LNG terminals along the coast. The terminal in Rudong is expected to handle 3 million to 3.5 million metric tons of imported LNG annually, primarily supplying a 2,400-megawatt gas-fired power plant through a 70-kilometer pipeline.