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CNOOC - Yancheng LNG
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CNOOC - Yancheng LNG

Name of Client

CNOOC - China National Offshore Oil Corporation

Estimated Budget ($ US)


Facility Type

Liquefied Natural Gas (LNG)






Yancheng, Jiangsu

Last Updated



CNOOC plans to invest approximately $1.76 billion in building an LNG terminal in Binhai County, Yancheng City.

Project Status

As of late June 2010, the CNOOC Group, the parent company of CNOOC Ltd., has signed a deal with Yancheng City of Jiangsu Province, east China, to invest approximately $1.76 billion in building an LNG terminal with receiving capacity of 3 million metric tons (tonnes) per year. 

Project Status

Eni Norge AS has signed a contract with Sevan Marine ASA to provide post-front-end engineering and design for the Goliat circular floating production storage and offloading vessel in the Barents Sea.
Feb 2012 Project proposal was submitted to National Energy Administration (NEA).

Feb 2013 The Phase I project will be completed by 2014 with a capacity of 2.6 million tons per year.

Aug 2013 The project has been approved by National Energy Administration (NEA).

Project Finance

The project is financed by China National Offshore Oil Corporation (CNOOC). 

CNOOC Gas & Power Group will take charge of construction of the project.


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