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China's to build new LNG terminals in southern Guangdong province

Gasoil News - Published on Wed, 20 Feb 2019

Image Source: Business Recorder
China's cabinet said that China will build new liquefied natural gas terminals and expand the capacity of existing terminals in its Greater Bay area. Beijing wants to turn Hong Kong, Macau and nine neighbouring cities in southern Guangdong province into an economic powerhouse dubbed the Greater Bay Area.

Under new guidelines for development of the area approved by the cabinet, the aim is to build a low-carbon and efficient energy system. China will accelerate construction of large-scale oil reserve sites and consider launching a futures exchange for carbon emissions trading in Guangzhou.

Source :

Posted By : Rabi Wangkhem on Wed, 20 Feb 2019
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