CNOOC TO DEVELOP THIRD CHINESE LNG TERMINAL.

(From Asia Pulse)

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HONG KONG, March 11 XFNHK-AsiaNet - CNOOC Limited (the "Company", NYSE: CEO, SEHK: 883) announced today that the China National Offshore Oil Corporation ("CNOOC"), its parent company, has signed an agreement with Zhejiang Provincial Government to jointly develop China's third LNG terminal in Zhejiang. Mr. Lu Zushan, Governor of Zhejiang province and Mr. Fu chengyu, President of CNOOC signed the agreement for both parties.

The project is envisaged to include three components, an LNG re- gasification terminal, a gas trunk line and a gas fired …