CNOOC floating LNG terminal

China's first floating liquified natural gas (LNG) terminal completed its first phase of construction in Tianjin in North China on Tuesday.

Designed to supply 3 billion cubic meters of gas each year, it can supply imported liquified natural gas to energy-thirsty cities such as Beijing and Tianjin, said China National Offshore Oil Corporation (CNOOC), which owns the terminal.

Construction on the project, one of the key projects for air pollution prevention in the Chinese capital, began in 2012 with a total investment of 3.3 billion yuan ($537 million).