China to produce five more LNG tankers (Xinhua) Updated: 2006-06-13 09:19
China will build five liquid natural gas (LNG) tankers in the next three
years to cope with rising demand for the import, according to a ship maker here
on Monday. The second China-made LNG tanker was launched on Monday in
Shanghai. The producer, the Hudong China Ship Manufacturing (Group) Co. Ltd,
said, it will build five more such tankers to ease the country's tranportation
bottleneck for the LNG import. Built at a cost of 160 million U.S.
dollars, the LNG tanker has a carrying capacity of 147,000 cubic meters of LNG,
which is sealed under a temperature condition of 163 degree Celsius below zero
during transportation.
China rolled off the first self-developed LNG
tanker last year.
There is a big market shortfall for LNG in China. The
thirst is expected to continue to the year 2010. So far, LNG consumption only
accounted for 1.9 percent of China's total energy mix, which lags far behind the
world's averaged level of 25 percent. (For more biz stories, please visit Industry Updates)
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