CNOOC Gas & Power Group

CNOOC Gas & Power Group Co., Ltd. (abbreviated as "Gas & Power Group") is a wholly owned subsidiary of China National Offshore Oil Corporation (CNOOC). Established in April 2008, it is responsible for the unified operation and management of CNOOC's natural gas and power generation businesses. The company has core competitive advantages in natural gas resource coordination, facility layout, natural gas power generation, technology research and development, digital empowerment, industrial chain operation, and business models, establishing its leading position in China's liquefied natural gas (LNG) industry. The company's business covers LNG resource trading, LNG receiving terminals, natural gas pipelines, gas-fired power plants, city gas, vehicle and vessel bunkering, technology research and development, and emergency support. It has established connections with more than 100 LNG resource traders at home and abroad, with resource procurement spanning 25 countries and regions including Australia and Qatar. It is China's largest and the world's second-largest LNG importer. Its domestic natural gas sales market share ranks second nationwide. The company operates in 19 provinces and cities. As of the latest available information, CNOOC Gas & Power Group has built and put into operation 6 LNG receiving terminals with a total receiving capacity of 32.6 million tons per year; approximately 2,660 kilometers of natural gas pipelines; 10 gas-fired power plants with a total installed capacity of 11.2 million kilowatts, of which 7 are controlled power plants, and its controlled gas turbine installed capacity ranks fifth in the country. It operates 298 vehicle refueling stations. It operates city gas in 4 provinces with approximately 1,630 kilometers of city gas pipelines. Focusing on the "green shipping" strategy, it implements projects to "gasify the coast, gasify the Pearl River, gasify the Yangtze River, and gasify the canal," striving to build 4 international LNG vessel bunkering centers. It possesses industry-leading digital platforms such as the "Haiqi Tong" natural gas sales platform, the energy IoT platform, and the intelligent safety risk management and control platform. The company has won the 2013 World LNG Industry Outstanding Contribution Award and the 2017 World LNG Industry Technology Innovation Award. Its mission is to "supply clean and reliable energy and provide energy security for high-quality economic and social development."

CNOOC Gas & Power Group Co., Ltd. was established in April 2008 as a wholly owned subsidiary of China National Offshore Oil Corporation (CNOOC). From its inception, it was tasked with the unified operation and management of CNOOC's natural gas and power generation businesses. In the same year, its technology research and development center was founded, becoming CNOOC's only specialized LNG technology R&D institution. Over the years, the company has developed a technology system centered on "LNG production, storage and transportation, power and new energy, and low-carbon technology development and utilization," creating CNOOC's "CGTechnology" technology brand cluster. It has completed the engineering transformation and application of multiple major scientific research achievements, training three technical experts at the group level and eleven at the subsidiary level. This has driven the gas and power industry from complete dependence on foreign technology to fully independent construction and development. The company has built and put into operation 6 LNG receiving terminals with a total receiving capacity of 32.6 million tons per year, approximately 2,660 kilometers of natural gas pipelines, and 10 gas-fired power plants with a total installed capacity of 11.2 million kilowatts (7 controlled plants). It operates 298 vehicle refueling stations and city gas networks of approximately 1,630 kilometers in 4 provinces. It is currently building the Yancheng "Green Energy Port" project, China's largest LNG reserve base, which features six 270,000 cubic meter LNG storage tanks, the world's largest single-tank capacity. The company has received international recognition, including the 2013 World LNG Industry Outstanding Contribution Award and the 2017 World LNG Industry Technology Innovation Award. It has established connections with over 100 LNG resource traders globally, with procurement spanning 25 countries and regions, making it China's largest and the world's second-largest LNG importer. Its domestic natural gas sales market share ranks second nationwide, and it operates in 19 provinces and cities. The company continues to advance its "green shipping" strategy, implementing projects to gasify the coast, the Pearl River, the Yangtze River, and the canal, and building four international LNG vessel bunkering centers.

• 2017

  The company receives the World LNG Industry Technology Innovation Award.

• 2013

  The company receives the World LNG Industry Outstanding Contribution Award.

• 2008

  CNOOC Gas & Power Group Co., Ltd. is established in April as a wholly owned subsidiary of CNOOC, responsible for unified management of natural gas and power businesses.

• 2008

  The Technology R&D Center is founded, becoming CNOOC's only specialized LNG technology R&D institution.

• LNG resource trading

  Procurement and trading of liquefied natural gas from 25 countries and regions, serving as China's largest and the world's second-largest LNG importer.

• LNG receiving terminals

  Operation of 6 LNG receiving terminals with a total receiving capacity of 32.6 million tons per year.

• Natural gas pipelines

  Approximately 2,660 kilometers of natural gas pipelines built and in operation.

• Gas-fired power plants

  10 gas-fired power plants with total installed capacity of 11.2 million kilowatts, including 7 controlled plants.

• City gas

  Operation of city gas networks of approximately 1,630 kilometers in 4 provinces.

• Vehicle and vessel bunkering

  Operation of 298 vehicle refueling stations and development of international LNG vessel bunkering centers under the green shipping strategy.

• Technology R&D

  LNG technology R&D through the Technology R&D Center, with the "CGTechnology" brand cluster covering LNG production, storage and transportation, power and new energy, and low-carbon technologies.

• 2014

  Source 1Source 2

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