Sinopec's Shandong LNG terminal expansion wins provincial approval
Sinopec’s plan to expand its liquefied natural gas terminal in east China’s Shandong province has won a green light from the provincial government, the state energy firm said.
MAP SOURCE: EWA |
The terminal, in the port city of Qingdao, will add two tanks each sized 160,000 cubic metres, and will thus have annual handling capacity of 7 million tonnes, the company said, without giving a timeline for the expansion.
Sinopec, a latecomer to the LNG business among state-run oil and gas firms, started operating the first phase of the Qingdao terminal at end-2014, with annual handling capacity of 3 million tonnes.
The expansion is estimated to cost 2.3 billion yuan ($337 million) and will take three years to build, local media reported late last year.
Sinopec operates two other terminals, one in Guangxi in the southwest and one in Tianjin, near Beijing.
$1 = 6.8171 Chinese yuan renminbi Reporting by Chen Aizhu; editing by Richard Pullin
- Gasum powers Equinor's platform supply vessel with bio-LNG
- ADNOC deploys pioneering AI-enabled process optimization technology
- Mexico Pacific announces long-term LNG SPA with POSCO International
- ONEOK to acquire Medallion and controlling interest in EnLink for $5.9 B
- Golar LNG signs EPC deal for $2.2-B MK II FLNG conversion project
- ONEOK to acquire Medallion and controlling interest in EnLink for $5.9 B
- Picarro launches handheld solution for natural gas leak investigation and closed-loop leak management
- Fincantieri LNG-powered Star Princess launched in Monfalcone
- Oman plans third LNG train, boosting domestic production to more than 15 MMtpy
- Brazil's fossil push undermines Lula's green ambitions
Comments