CNOOC and Shanxi Province cooperate in clean energy projects

10:00, September 17, 2010      

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China National Offshore Oil Co. (CNOOC) signed a cooperative framework agreement with the Shanxi provincial government Wednesday to develop clean energy projects in the province in the coming twelfth Five-Year Plan period.

CNOOC will inject up to 100 billion yuan ($14.86 billion) in Shanxi to help the province conduct the restructuring of its energy industry.

According to the agreement, by 2015, Shanxi will have an annual consumption capability of 15 billion cubic meters of natural gas, and from 2015 to 2033 CNOOC should provide 6 billion to 15 billion cubic meters of natural gas to the province.

Shanxi will equip 3 billion tons of coal to CNOOC for the projects, and both sides will inject capital to build natural gas conveying pipelines.

In addition, the two parties will also cooperate in some other projects, like wind power, solar energy and biomass energy.

Source: Global Times

(Editor:黄蓓蓓)

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