Difficulty in finding suitable coastal land for LNG receiving and regasification plans may lead to China investing in many floating facilities.

China National Offshore Oil Corp (CNOOC) indicated that the future may lie with floating regasification as it gave a briefing about the first RMB 5.7bn ($890m) facility to be built at Tianjin.

Off to Tianjin, the GDF Suez Cape Ann.
CNOCC noted there was limited land available along the coast, competition from rival LNG importers such as PetroChina and Sinopec and difficulty in winning state approval for shore terminals so floating facilities appeared to be the answer.

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