China’s Hanas gets approval to build Putian LNG import terminal

China’s Hanas Group has received approval to build its Putian LNG import terminal in the southeastern province of Fujian.

The country’s National Development and Reform Commission (NDRC) said in a statement on Wednesday it granted the approval for the construction of the facility in the Meizhouwan port.

NDRC said the new plant would enhance the natural gas supply and storage capacity of the Fujian province and its surrounding areas.

According to NDRC, the terminal would have a capacity of 5.65 million tonnes per year and feature one jetty and two 200,000-cbm LNG storage tanks.

The total investment would reach 5.26 billion yuan ($830 million), it said.

Putian Hanas LNG, a unit of Hanas, would allocate 30 percent of the funds while the rest would come from bank loans, NDRC’s statement said.

It added that the approval is valid for two years.

Hanas’ business covers the entire natural gas and LNG industry chain, including LNG trade, production and sales, LNG terminals, and natural gas pipelines, according to its website.

Also, the firm’s natural gas unit already operates the Ningxia Yinchuan LNG plant with a capacity of about 1 million tonnes per year. It also trucks LNG via a fleet of owned vehicles.

China’s LNG imports reached 78.93 million tonnes in 2021, hitting a new record high due to rising demand from the power generation and industrial sectors.

With this, China officially became the world’s largest LNG importer, overtaking Japan.

Most Popular

LNG Canada to send third cargo

Shell-led LNG Canada is expected to soon ship the third cargo of liquefied natural gas from the Kitimat facility, according to shipping data.

Hyundai LNG Shipping sells another carrier for scrap

South Korea's Hyundai LNG Shipping has sold another steam liquefied natural gas (LNG) carrier for scrap, according to brokers.

Technip Energies wins contract for Eni’s Coral Norte FLNG

France-based LNG engineering giant Technip Energies has won a contract for preliminary work on Eni's second FLNG project in Mozambique, Coral Norte (Coral North).

More News Like This

China’s gas imports up in June

China's natural gas imports, including pipeline gas and LNG, rose by 1.1 percent last month compared to June 2024, according to customs data.

PetroChina kicks off work on new Rudong LNG tank

State-owned PetroChina has begun construction on a new 200,000-cbm LNG storage tank at its Rudong LNG terminal in Jiangsu.

GECF: LNG imports jump in May

Global liquefied natural gas (LNG) imports jumped by 6.9 percent year-on-year in May, marking a record high for the month, the Gas Exporting Countries Forum said in its latest report.

China’s LNG imports slide in May

China reported a 25.6 percent drop in its LNG imports in May, while its pipeline gas imports increased by 10.4 percent compared to the same month last year.