good board effort to raise capital., page-7

G'day Uncle Chop Chop, here is some research from another thread courtesy of Google... I know who would have thought. Thanks Frank!

IDG Energy Investment is mainly engaged in global energy assets investment and management. The Company is currently focusing on the substantial investment opportunities arising from China's increasing demand for imported natural gas and the emerging North American LNG exporting market due to abundant low-cost shale gas supply. By investing in China's first non-state-owned LNG receiving terminal.

Just doing a bit of late night research / Dot joining here atm, as i wanted to see if i could figure out Who our 'new Asian friends' were talking about in the post above that might give us a clue as to who our next BTA might be with, since they ( IDG ) are also invested in " China's First Non-State LNG receiving Terminal as highlighted above.

After a lot of 'Googling' i'm of the opinion that it could be ENN Energy Holdings LTD as,
SINGAPORE, May 17 (Reuters) - Chinese gas distributor ENN is seeking a commissioning cargo for the country’s first privately owned liquefied natural gas import terminal, three industry sources said on Thursday.


ENN Energy Holdings Limited, an investment holding company, engages in the investment in, construction, operation, and management of gas pipeline infrastructures, vehicle and ship refueling stations, and integrated energy stations in the People’s Republic of China. It operates through Gas Connection, Sales of Piped Gas, Vehicle Gas Refueling Stations, Wholesale of Gas, Sales of Integrated Energy and Services, Sales of Gas Appliances, and Sales of Material segments. The company also sells and distributes piped gas, liquefied natural gas, and other multi-energy products; and provides other services in relation to energy supply, as well as engages in energy trading business. In addition, it retails gas pipelines, and related materials and equipment; transports oil products and gas; and sources and sells compressed pipeline gas. Further, ENN Energy Holdings Limited provides financial services. As of December 31, 2017, the company operated a total of 325 CNG refueling stations, 281 LNG refueling stations, and franchised 266 refueling stations. As of the above date, it provided piped natural gas connections for 2,074,270 residential households and 23,200 commercial/industrial customers. The company was formerly known as XinAo Gas Holdings Limited and changed its name to ENN Energy Holdings Limited in September 2010. ENN Energy Holdings Limited was founded in 1992 and is headquartered in Langfang, China.


Chinese energy company ENN GROUP is constructing a liquefied natural gas (LNG) import terminal in the Zhejiang province of China.

The site is set to be the country’s first privately owned LNG-receiving terminal and is being developed in three phases with a total investment of CNY10bn ($1.5bn).

The total planned capacity of the facility is ten million metric tonnes per annum (Mmtpa).
Phase one of the terminal will be able to receive up to 3Mmtpa of LNG from international markets upon completion, which is currently slated for May.

The estimated investment for the project’s first phase is CNY5.85bn ($897m).
Phase two of the LNG import terminal is anticipated to increase the receiving capacity to 6Mmtpa by 2020.

The terminal is being developed in order to meet the growing demand for clean LNG fuel in the Zhoushan Islands and also supply natural gas reserves for the Zhejiang province.
ENN Zhoushan LNG import terminal location and development details

The Zhoushan LNG import and bunkering terminal is located in the Zhoushan Economic Development Zone’s Xingang Industrial Park, which is situated in the Zhoushan Archipelago New Area in Ningbo City, Zhejiang province, China.

ENN received permission to conduct feasibility study on the project in March 2013.

The project subsequently secured environmental impact clearance in February 2014 and was approved by the National Energy Administration (NEA) of China’s National Development and Reform Commission in February 2015.

Construction on the first phase began in January 2016, while the installation of machinery commenced in March 2017.
Zhoushan LNG import terminal details

The first phase of the Zhoushan terminal project will see the construction of two full containment concrete roof (FCCR) LNG storage tanks with a capacity of 160,000m³ each.

"Phase one of the terminal will be able to receive up to 3Mmtpa of LNG from international markets upon completion, which is currently slated for May."

An LNG filling process system, a 30km gas transmission pipeline to transfer the LNG and ancillary facilities will also be built during the phase.
Phase one will also involve the construction of a 440m-long loading and unloading berthing dock to enable safe loading and unloading of LNG.

In addition, an LNG carrier terminal with two berths capable of anchoring 30,000m³ of LNG vessels each and two LNG tanker roll-on / roll-off (RoRo) berths will also be built as part of the initiative.

Phase two will include the construction of an additional two 160,000m³ FCCR LNG storage tanks and the expansion of the gas transmission line by 10km.
A minimum of two and up to four additional 160,000m³ LNG storage tanks are planned to be built during the third phase.
Infrastructure facilities at Zhoushan LNG import terminal

The LNG import terminal will be installed with 100 sets of static and dynamic equipment, including an air conditioning unit, vaporiser and seawater pumps.
A power generation facility is also set to be built to supply power for the terminal.
Supply agreements signed for Zhoushan LNG terminal

ENN signed a ten-year LNG sales agreement with Total in February 2016, which covers the supply of 0.5Mmtpa of LNG per year.

ENN also signed a supply agreement with Chevron U.S.A. in August 2016 to supply 0.65Mmtpa of LNG annually over a ten-year period.
The deliveries are set to commence upon completion of the Zhoushan terminal.
Zhoushan LNG import terminal benefits

The Zhoushan LNG import terminal project is expected to create 800 jobs during the construction phase and employ more than 200 people upon commencing operations.

It is also expected to deliver significant environmental benefits to the country and support China’s national energy security, energy consumption, emission reduction and other clean energy initiatives.

www.hydrocarbons-technology.com/projects/zhoushan-lng-import-terminal/


China in the mix

China has been reforming its gas industry over the past five years, but the process has been a drawn-out affair due to a desire not to upset existing players and destabilise the market.

The over-arching aim of the reform measures has been to boost the economy’s demand for natural gas, not least to encourage the replacement of coal with gas to curtail the severe air pollution afflicting parts of the country. To achieve this goal, the government has been seeking to liberalise access to the country’s gas infrastructure to ensure efficient use of the investments that have been made and to encourage competition in the domestic gas market.

The 14 world scale Chinese LNG import terminals now in service are controlled by one or the other of the country’s three state-owned energy majors – CNOOC, PetroChina and Sinopec.
There has been some reluctance on the part of these companies, having invested heavily to bring the facilities on stream, to grant terminal TPA to private gas distributors and power generators who would then be competing with them for downstream business.

Back in 2013 China’s regulatory regime prohibited private companies from importing LNG directly on their own. Then, in September that year, a relaxation of these controls enabled the privately controlled Jovo company to commence importing LNG at its own newly opened small-scale terminal at Dongguan in the Pearl River Delta.

China’s National Development and Reform Commission (NDRC) went a step further early in 2014, issuing guidelines on allowing TPA to existing state-owned terminals. The guidelines also encouraged private companies to enter and invest in the domestic LNG market.

Another landmark was achieved in December 2014 when Hebei-based ENN Energy became the first Chinese company not run by the government to take delivery of an LNG cargo at a state-owned major’s import terminal. The facility in question was PetroChina’s Rudong installation in the northern province of Jiangsu.

As yet, PetroChina has been alone among the three majors in opening its terminals to TPA on a fee-paying basis. Guanghui Energy has also received cargoes at Rudong as well as at Dalian, another PetroChina terminal.

Like Jovo, ENN and Guanghui have also embraced the government’s encouragement to make further commitments to the domestic LNG market. Both have invested in their own terminals. Guanghui’s small-scale terminal in Qidong was opened in June 2017 while the new ENN terminal in Zhoushan, constructed as a worldscale facility, is set for commissioning later in 2018. The masterplan for the Qidong terminal, which is a joint venture with Shell, calls for its future development into a worldscale installation, should the market warrant it.

There are indications that CNOOC could follow PetroChina’s lead and open up to third-party access later in 2018, at one of its terminals at least. The company has been in negotiation with Guangzhou Gas and Shenzhen Gas about receiving their LNG cargoes at Dapeng LNG, China’s largest LNG terminal and one of eight operated by CNOOC.

At the end of the day, the NRDC’s 2014 ruling on TPA has the status of guidance. There is no sign, as yet, of mandatory regulations.

http://www.lngworldshipping.com/new...minals-making-slow-but-sure-headway_51370.htm

www.reuters.com/article/china-lng-enn/update-1-enn-seeks-commissioning-cargo-for-chinas-first-private-lng-import-terminal-idUSL3N1SO2SR

Then again it could be Xinjiang-based Guanghui Energy or Jovo Energy Co, if not ENN ?

China’s independent energy firms are seeking to circumvent its state-backed giants as they cash in on swelling natural gas use, buoyed by President Xi Jinping’s drive for cleaner fuels and nimbler companies.

New import facilities developed by firms including Guanghui Energy Co. and ENN Group offer direct access to cheap liquefied natural gas and cut their reliance on supply and infrastructure controlled by the the country’s national oil companies. That may help new players tap China’s booming gas demand, up 15 percent in the first half of the year.

“The key thing about having your own terminal is that you can take advantage of potentially lower pricing in the market,” said Neil Beveridge, an analyst at Sanford C. Bernstein & Co. in Hong Kong. “Also, it’s very difficult to get supply through the infrastructure of the Chinese oil majors because the access rules and regulations are not terribly transparent and not terribly well enforced.”

Smaller gas distributors and importers have found an opening as Xi’s government seeks alternatives to coal and encourages private competition in the energy sector. They’re poised to follow a similar trend in the oil industry, where independent refiners known as “teapots” have been allowed greater freedom to import crude, helping push China ahead of the U.S. this year as the world’s biggest importer.

Guanghuai Energy last month received the second LNG cargo at its Qidong terminal, about 100 kilometers (62 miles) north of Shanghai.

At least three more terminals are under construction or proposed including a port by ENN Group that’s scheduled to start next year.

Guangzhou Development Group Inc. has proposed a new import terminal, as has China Huadian Corp., one of the nation’s biggest power generators, according to Bloomberg New Energy Finance.

New private ports enhance the bargaining power for distributors, which will lower downstream sales prices and boost China’s consumption, ENN Energy Holdings Ltd., the listed unit of ENN Group, said in an emailed response to questions. It declined to comment specifically on the Zhoushan LNG terminal owned by its parent, which didn’t respond to a separate request for comment.

Xinjiang-based Guanghui, which was one of the first non-state companies to receive a license to import crude, plans to allow third parties to deliver and store LNG at the Qidong site, chief engineer Xue Wenting said last month. The terminal’s annual capacity will be expanded to 3 million metric tons by 2019 from 650,000 tons now, he said.

Jovo Energy Co., which was the first private Chinese company to begin importing LNG, began operating its Dongguan facility in Guangdong in 2012. The company also stores and sells liquefied petroleum gas and has an oil and chemicals business, according to its website.

China, which is forecast to more than double LNG purchases by 2022, has more than a dozen import terminals owned by its three state energy giants, which buy most of their cargoes on long-term contracts. But given the current global gas glut, new buyers can pick up cheaper shipments on the spot market, where analysts at SCI International estimate costs are about 50 percent less than average rates under the country’s existing term contracts.

“Those companies can get cheaper LNG prices from the spot market on a more flexible basis and they can meet demand from their widespread distribution networks,” said Maggie Kuang, an analyst with BNEF in Singapore.

China’s LNG demand will expand by 5 million to 6 million tons annually over the next few years and private investors may account for about 20 percent of that growth, according to Michal Meidan, an analyst with Energy Aspects Ltd. in London. Bernstein’s Beveridge estimates that share to be less than 10 percent of the 60 million tons of LNG he forecasts the country will be importing annually by the end of the decade.

China’s national oil companies account for about 92 percent of the country’s long-term contracts and “still firmly dominate the LNG import market,” said BNEF analyst Nannan Kou. While Guanghui Energy has been buying spot LNG, it’s seeking to sign long-term contracts with suppliers, including Malaysia’s Petroliam Nasional Bhd, chief engineer Xue said.
The Chinese government is encouraging private capital to help construct LNG receiving facilities and pipelines, according to guidelines published last month by the country’s National Development and Reform Commission. China’s top economic planner also said LNG import capacity and natural gas pipeline length will more than double in the 10 years to 2025.

Opening Up

“This is part of the government’s efforts to open up the sector to non-state actors and increase efficiencies through greater competition,” said Meidan at Energy Aspects.

China National Offshore Oil Corp. and China National Petroleum Corp., the country’s first and second-largest LNG importers, didn’t respond to calls seeking comment. A spokesman for China Petrochemical Corp., known as Sinopec Group, said Monday he couldn’t immediately respond to questions.

LNG imports in June hit the highest on record for that month, in line with the country’s booming demand, offering a boost for gas distributors. China Gas Holdings Ltd. has gained 85 percent this year while ENN Energy has climbed 69 percent. That compares with a 27 percent gain for the benchmark Hong Kong Hang Seng Index.

The Chinese government has set a goal of getting as much as 10 percent of its energy from gas by 2020 and 15 percent by 2030, up from 6 percent in 2015. To meet these goals, demand will grow by an average of 15 percent annually between 2016 and 2020, according to Macquarie Group Ltd.

Enough Supply?

The country’s natural gas production, which is dominated by CNPC and Sinopec Group, rose 8 percent in the first half of 2017 compared to the same period a year ago. Meanwhile, imports have jumped 21 percent in the first seven months of the year, according to data released Tuesday.

Fast-growing supply may be needed, as Sinopec Group has already flagged a possible “big” increase in gas demand this coming winter compared to last year, particularly in the country’s north, Shanghai Securities News reported Tuesday, citing a company meeting.