According to thestaronline.com :
BEIJING: Shanghai has started construction of a 4.6 billion yuan liquefied natural gas (LNG) terminal that will start receiving the fuel from Malaysia in 2009.
The plant will return three million tonnes a year of LNG to gas form during its first phase, the Shanghai government said on its website yesterday.
Shenergy Group, owned by the city government, and partner China National Offshore Oil Corp are building the project.
The world’s biggest energy user after the US, China in October agreed to buy US$25bil of LNG over 25 years from Malaysia.
China wants to increase consumption of natural gas to 8% of its energy needs in 2010 from about 3% to cut pollution and reliance on coal and oil.
Petroliam Nasional Bhd (Petronas) would start supplying an initial 1.1 million tonnes of LNG a year starting in 2009, the Shanghai government said.
Petronas would increase the supply to three million tonnes, equivalent to four billion cu m, in 2012, it added.
Natural gas supplies to Shanghai may reach six billion cu m by 2010, it said.
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