Pri­vate in­vest­ment wel­comed for oil, gas, nu­clear

China Daily (Canada) - - NEWSCAPSULE -

The gov­ern­ment will en­cour­age pri­vate-sec­tor in­vest­ment in liq­ue­fied nat­u­ral gas ter­mi­nals and oil and gas stor­age and dis­tri­bu­tion fa­cil­i­ties, a se­nior of­fi­cial at the Na­tional En­ergy Ad­min­is­tra­tion said.

Liu Deshun, di­rec­tor-gen­eral of the depart­ment of oil and gas at the na­tion’s top en­ergy plan­ner, said that there is “huge po­ten­tial” for growth in in­fra­struc­ture for oil and gas stor­age and dis­tri­bu­tion.

Liu made the com­ments on Thurs­day at a news con­fer­ence in Beijing held by the Na­tional De­vel­op­ment and Re­form Com­mis­sion (NDRC).

The NDRC also an­nounced that pri­vate cap­i­tal was wel­comed for new coastal nu­clear power plants. Most of China’s es­tab­lished nu­clear power sta­tions de­pend on cen­tral gov­ern­ment cap­i­tal. (Photo 2)

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