[Commencement of Zhejiang LNG Phase III Project Receiving Terminal Project] On March 27, 2023, a foundation laying ceremony was held in Beilun District, Ningbo City for the Terminal Project of the Zhejiang LNG Phase III Project of the Six Global Largest Volume LNG Storage Tank Terminal Project independently developed and designed by CNOOC. The Terminal Project of Zhejiang LNG Phase III Project is a key national oil and gas infrastructure project, with six 270000m3 LNG storage tanks newly built and a construction scale of 6 million tons/year. The LNG pipeline is connected to the reserved pipeline interfaces of Zhejiang LNG Phase I and Phase II projects, while supporting gasification facilities. It is expected that after completion in 2025, a processing capacity of 12 million tons/year will be formed in Ningbo Chuanshan Port Area. Editor/Ma Xue

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