Released on = March 7, 2007, 1:40 am

Press Release Author = Shushmul Maheshwari

Industry = Energy

Press Release Summary = Shanghai has launched its major energy project to meet the
energy supply needs of the country. The project is part of the city's attempts to
diversify its energy mix.

Press Release Body = On 22 January 2007, Shanghai commenced a major project to keep
up energy supply in the country. The project will transmit LNG (Liquefied Natural
Gas) from Malaysia to the economic hub of east China over the next 25 years.

This new terminal, which is under construction at Yangshan Deep Water Port - south
of Shanghai - will likely start operation by the 1st half of the year 2009, when
it'll begin processing super cooled gas imported from Malaysia.

Han Zheng, Mayor of the city, inaugurated this project. It's a major component of
the endeavors of the city towards diversifying its energy mix.

Seven billion Yuan will be spent in the 1st phase of this project, and it will be
capable of handling three million tons of LNG annually. The 2nd phase of the project
is, reportedly, designed for increasing the capacity of importation by another three
million tons per year.

\"The project will help ease Shanghai\'s tight natural gas supply, improve energy
security, reduce emissions and boost efficiency,\" as per Zhao Xiaoping - director
with National Development & Reform Commission's energy bureau - in news published by
English.eastday.com on 23 January 2007.

Players in this sector are quite enthusiastic about the recent launch of LNG
project. Since, it will help in meeting the ever-increasing demands of energy in the
country.

According to a RNCOS report on "Future Outlook for Global LNG Market (2010)",
"Declining costs of liquefaction, energy security, energy market reforms, have been
contributing to the growth of global LNG market. Inadequate transmission of gas, and
distribution network are the key challenges for this market."

About the Report

RNCOS' market research reports on "Future Outlook for Global LNG Market (2010)"
provides an exclusive overview of the global LNG industry. The report is a must read
for businesses and individuals who are closely monitoring the development in this
sector. It addresses some interesting issues for today's global business
environment. For example, the factors leading to the success of LNG industry,
opportunity areas and challenges before the players in this sector, potential
markets in global LNG Industry, infrastructure position of global LNG market at
country level, major LNG trade markets, and so on.

About RNCOS:

RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of
industry experts who analyze data collected from credible sources. They provide
industry insights and analysis that helps corporations to take timely and accurate
business decision in today\'s globally competitive environment.

For more information visit: http://www.rncos.com/Report/IM07593.htm
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