Rosneft looks to develop LNG project in Shandong

Dalian: Russian energy giant Rosneft is considering developing an LNG project in China’s Shandong province.

It has chosen Binzhou city for the project which will involve the development of a LNG terminal and storage facility, Shandong local media reported.

Rosneft and China’s CNPC agreed to cooperate on a refinery in Tianjin in 2010, however, the two companies have yet to agree on terms to start construction.

Earlier this month, Rosneft has offered China a stake in a potential petrochemical plant in Russia’s Far Ease in a move to widen cooperation. [20/02/14]

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