Core Viewpoint - The China National Offshore Oil Corporation (CNOOC) has established the Yancheng "Green Energy Port," which is the largest liquefied natural gas (LNG) energy hub in China, enhancing the country's natural gas supply chain and supporting regional economic development [1][2] Group 1: Project Overview - The Yancheng "Green Energy Port" is a key project for the national natural gas "production, supply, storage, and marketing" system, built by CNOOC in the coastal port area of Yancheng [1] - The port has a total storage capacity of 2.5 million cubic meters, with an annual processing capacity exceeding 6 million tons, making it the largest LNG energy hub in the country [1] - As of now, the project has received a cumulative total of 7.84 million tons of LNG, supplying over 9.8 billion cubic meters of natural gas to the Yangtze River Delta and surrounding areas [1] Group 2: Business Expansion - The Yancheng "Green Energy Port" has expanded its operations to include cold energy utilization and gas power generation, establishing China's first LNG cold energy exchange center [2] - The port is set to operate bonded LNG storage tanks, with projected bonded imports reaching 5.332 billion yuan in 2024 [2] - In 2025, the port plans to initiate LNG transshipment trade, with bonded imports and exports expected to reach 3.645 billion yuan in the first half of the year, further enhancing the port's functionality and supporting high-quality local economic development [2]

Core Insights - The China National Offshore Oil Corporation (CNOOC) has established the largest liquefied natural gas (LNG) energy hub in China, located at the Yancheng "Green Energy Port" [1][3][5] Group 1: Project Overview - The Yancheng "Green Energy Port" is a key project in China's natural gas supply chain, focusing on base load, peak shaving, and storage functions [3][5] - The port has a total storage capacity of 2.5 million cubic meters, with an annual processing capacity exceeding 6 million tons [5] Group 2: Operational Achievements - As of now, the port has received a cumulative total of 7.84 million tons of LNG, supplying over 9.8 billion cubic meters of natural gas to the Yangtze River Delta and surrounding areas [5] - The port has expanded its operations to include cold energy utilization and gas power generation, establishing the first LNG cold energy exchange center in China [5] Group 3: Future Developments - In September 2023, two 220,000 cubic meter LNG storage tanks were designated as bonded storage tanks, initiating LNG bonded operations with an expected bonded import value of 5.332 billion yuan in 2024 [5] - By 2025, the port plans to commence LNG transshipment trade using the bonded storage tanks, with a projected bonded import and export value of 3.645 billion yuan in the first half of the year [5]

Core Insights - The article highlights the significant development of the marine economy in Binhai County, Yancheng City, focusing on the integration of port and industry to stimulate urban growth and enhance blue economic momentum [1][8]. Group 1: LNG Cold Energy Exchange Center - The Binhai Port LNG Cold Energy Exchange Center is the first of its kind in the country, with a capacity to process 2 million tons of LNG annually and a cooling power of 38 megawatts [2]. - The center features a 2.3-kilometer long cold energy comprehensive pipeline, supplying cold energy to various projects, including freeze-dried fruits and vegetables, cold-water aquaculture, and marine intelligent computing centers [2]. Group 2: Marine Ranching and Aquaculture - The "Taowan No. 1" intelligent net cage platform in Binhai County has successfully released 50,000 fish fry, marking a significant advancement in deep-sea aquaculture [2][3]. - The project employs a "land-sea relay" breeding model, combining land-based controlled environments with expansive marine spaces for ecological aquaculture [3]. Group 3: Wind Power and Energy Storage - The construction of the integrated wind and storage industrial base by Envision is underway, aiming for an annual production of 200 offshore wind turbine units and 2 GWh of lithium iron phosphate energy storage products [4]. - This project is part of a broader strategy to support the zero-carbon industrial park in Binhai, contributing to the transition of old and new economic drivers [4]. Group 4: Port Development and Logistics - The Binhai Port has opened two new roll-on/roll-off shipping routes to the UAE and Jordan, enhancing its role as a logistics hub [5]. - The port's cargo throughput is projected to exceed 19 million tons in 2024, reflecting a year-on-year growth of 6.8%, with significant contributions from coal, minerals, and wind power equipment [5][6]. Group 5: Infrastructure and Economic Planning - The total investment for the Binhai Port General Terminal Phase III project is approximately 800 million yuan, with a designed throughput capacity of 4.15 million tons per year [6]. - Binhai County is focusing on enhancing its marine economy through comprehensive planning and infrastructure development, including the construction of a 20,000-ton navigation channel and multiple berths [6][8]. Group 6: Zero-Carbon Initiatives - The county is committed to enhancing the comprehensive benefits of "green electricity + cold energy" and aims to increase the coverage rate of green electricity to 82% [7]. - Plans are in place to establish a national-level cold energy utilization demonstration zone, promoting various projects that utilize cold energy effectively [7]. Group 7: Overall Economic Strategy - Binhai County is actively expanding its marine economy by integrating land and marine development, enhancing logistics capabilities, and promoting cross-border trade [8]. - The county aims to achieve high-quality development by deepening reforms and expanding high-level openness, positioning itself as a new "blue growth pole" in Jiangsu's coastal economic belt [8].

Core Viewpoint - The company, CNOOC Development (600968.SH), announced the transfer of its stakes in various air separation plants and assets to Haizhuo Company for a total price of 371 million yuan [1] Group 1: Asset Transfer Details - The company plans to transfer 70% equity and debt of Zhuhai Air Separation, 65% equity of Ningbo Air Separation, 50% equity of Fujian Air Separation, and assets of the Cold Energy Center [1] - The total transfer price for these assets is 371 million yuan [1] Group 2: Cold Energy Center - The Cold Energy Center was established in 2022 as a research institution under the company's clean energy subsidiary [1] - The center focuses on technology research, industrial planning, and business development in the fields of cold energy utilization and carbon reduction [1]