IN BRIEF (Page 14)

CNOOC's new LNG hub

China National Offshore Oil Corporation (CNOOC) said it has won approval from the National Development and Reform Commission to build its fourth liquefied natural gas (LNG) receiving terminal and relevant facilities. The first phase of the Zhejiang project, costing 7 billion yuan and able to receive 3 million tons of LNG per year, was scheduled to be operational in 2012.

Ericsson bags orders