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 January 14, 2016 - 7:37 PM EST
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ENN Zhoushan LNG Project Comes under Construction

, January 15, SinoCast -- ENN's Zhoushan LNG project has come under construction, and the Phase 1 of the project has an investment of CNY 5.85 billion. ENN will become
first private business holding LNG import qualification after completion of the project.

ENN started planned the LNG project in 2013 and planned to ship

North America's
LNG into
. It launched LNG procurement in
North America
while planning berths receiving LNG in Zhoushan.

Chaozhou Huafeng (Group) and Guanghui energy plan to import LNG, but they have not started construction of receiving facilities as the National Development and Reform Commission has not approved. Moreover, PetroChina, which represents 74% of

natural gas market, is integrating its natural gas resources.

Total investment in the Zhoushan LNG project is planned at CNY 10 billion, of which CNY 1.89 billion will be made in 2016.

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Source: News (January 14, 2016 - 7:37 PM EST)

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