Local business Cambodian Natural Gas Co Ltd and Chinese firm CNOOC Gas Power Group Co Ltd teamed up in importing liquefied natural gas (LNG) to distribute within Cambodia’s market.
The company’s officers said the cooperation is to import the LNG to supply demand in the local market, as the company focuses on hotels and restaurants in the first-step plan.
Pheng Sros Choronei, administration officer at Cambodia Natural Gas, said yesterday that the LNG containers were shipped in from China and arrived at Cambodia’s Sihanoukville port on Tuesday.
“The demand of LNG consumption in Cambodia will increase as we see the ongoing demand of using the LNG in other countries going high,” Choronei said.
The company plans to expand to 25 provincial capitals. Currently it focuses on Phnom Penh and Preah Sihanouvk provinces.
According to the Chinese embassy in Cambodia, CNOOC Gas & Power Group Co Ltd teamed up with Cambodia Natural Gas Group to achieve China’s export of natural gas to Cambodia for the first time.
The embassy wrote on its Facebook page dated on Tuesday stating that the close relationship of the two countries has opened up new investment between them.
“Under the leadership of the leaders of the two countries, the China-Cambodia joint construction of the ‘Belt and Road’ has continued to go deeper and further,” the embassy said.
“CNOOC seized the new opportunity of ‘going-out-of-country’ and achieved the strategic plan in Southeast Asia and Cambodia Natural Gas, which relied on CNOOC’s professional capabilities to take the steps of storage, transportation and sales. Both parties worked together to make the first use of LNG in Cambodia and supplied some of the Cambodian energy market and it will open a new chapter in the application of clean energy in Cambodia,” the embassy wrote.
CNOOC Gas & Power Group Co Ltd is an enterprise in China with its main office in Beijing. It operates in the Natural Gas Distribution industry.