US LNG exporter Cheniere and Dutch storage tank firm Vopak are looking to cooperate with the developers behind China’s Yantai LNG import terminal in Shandong.
According to a statement by Yantai LNG, representatives from Cheniere and Vopak visited the LNG receiving terminal site in Yantai port on June 15.
The duo and Yantai LNG have discussed “potential cooperation in the project’s downstream markets,” the statement said.
Yantai LNG is a joint venture consisting of operator Poly-GCL Petroleum Group Holdings, Shandong Pan-Asia International Energy Distribution Center, and Yantai Port Group.
The venture is currently building the first phase of the LNG import project in Shandong for about $1.28 billion. This phase includes five 200,000-cbm LNG storage tanks and two jetties.
Furthermore, the main jetty will have the ability to receive the world’s largest LNG carriers, up to 266,000 cbm capacity, while Yantai LNG plans to use the second berth for transshipment operations of up to 50,000 cbm.
Overall, the first phase will have a capacity to receive 5.9 million tonnes of LNG a year and regasify 40 million cubic meters a day, according to Yantai LNG.
Yantai LNG expects to launch the first phase in 2023 but it also plans a second phase to add around 5 mtpa of capacity, boosting the total to 10 mtpa.
Additionally, the Yantai LNG facility will be connected via a 530-kilometer, 48-inch pipeline.
The pipeline would deliver gas to industry, power, and city gas networks across Shandong, serving a population of about 40 million, Yantai LNG said.