p>Kunlun Energy Co Ltd is to bid for 75% stake of PetroChina Dalian LNG Company with Yuan 2.21-bil or less, the former announced on Aug 24.
This is the second LNG terminal that Kunlun Energy acquired if it succeeds. It had got 55% stake of Jiangsu LNG terminal this May.
Dalian LNG terminal was jointly invested by PetroChina, Dalian Port (PDA) Co Ltd and Dalian Construction Investment Corporation. The latter two held 20% and 5% of stake respectively.
Dalian LNG terminal is in construction at present. The project was scheduled to come on line in April of 2011, but the operation date might be postponed 2-3 months. It will receive LNG from Australia and Qatar, and mainly supply cities in Liaoning province via network. In addition, the terminal will also provide LNG wholesale for truck delivery.
China Chemical Weekly: http://news.chemnet.com/en/detail-1403616.html
