About Macau
Natural Gas Company Limited
Major Milestones
| Project Plan | LNG Advantage | The Market | Cleaner, greener energy | Community Company Profile
The joint venture company Sinosky Energy (Holdings) Company Limited, form by Macau
Natural Gas Company Limited and its 50% joint venture partner, China Petroleum
and Chemical Corporation (SINOPEC), is in the process of preparing the construction
of natural gas storage and transmission facilities, including a liquefied natural
gas receiving terminal in the Macau International New Energy Island. It is expected that the phase
1 of the construction work will be completed by end of 2012 with an annual processing
capacity of 3 million tones of liquefied natural gas. Nevertheless, Sinosky will
start its commercial and business operations under the Concession Contract granted
by the government of Macau. It will supply natural gas to power plants in Macau
by onshore importation and transmission network system in the 4th quarter of 2007.
Macau Natural Gas will incorporate 50% effective interest of the operating results
from Sinosky in its consolidated financial statement. Major Milestones
The granting on the
doorstep of major energy markets.
First commercial gas
supplier at Macau.
Natural Gas Project designated
a Significant Development by the Macau government.
Potential Gas sales contracts
with CEM over Years.
First-class operational/technical
team assembled from around the world.
Project Plan
According to Sinosky Energy
(Holdings) Company Limited project investment strategy and the Macao SAR government
requirement, the project of Macau natural gas importation and transmission system
has been identified in two phases. The first phase includes the construction
of Cotai Natural Gas Gate Station and Companhia de Electricidade de Macau-CEM
power plant gas delivery stations. The high pressure gas transmission pipelines
connect them with the total distance of 6.5km from the landing point. The second
phase of the project consists of the LNG receiving terminal.
An
artist impression of the LNG Receiving Terminal.
LNG Advantage
What is Liquefied Natural
Gas (LNG)?
LNG is natural gas in
its liquid state.
Natural gas is changed
to LNG by cooling it.
The temperature of LNG
is approximately -160deg C at atmospheric pressure which results
in a volume reduction of 600:1 compared to when in the gaseous form.
This volumetric reduction
enables long distance transportation of LNG via carrier ships to be viable.
Why is LNG needed in Macau
The demand for LNG imports
is growing and the need for Macau, such as the power plant, to diversify energy
supplies to ensure security of supply.
LNG is becoming an alternative
to oil or coal and increasingly being seen as the best technology for large-scale
movement of natural gas over long distances.
No form of energy and
no source of supply can offer absolute security. Improving security of supply
therefore means reducing the likelihood of sudden shortages and having contingency
arrangements in place to limit the impact of any which do occur.
An
artist impression of the LNG Receiving Terminal.