PipeChina’s Yuedong LNG terminal hits delivery record in March

PipeChina’s Yuedong LNG import terminal in southern China’s Guangdong province has received a record monthly number of vessels in March since its launch in 2017.

The Yuedong LNG terminal welcomed seven vessels with a total volume of 442,200 mt, an increase of 97.6 percent year-on-year, while the outbound volume rose almost 24 percent to 316,700 mt, according to PipeChina.

The 2008-built 155,000-cbm LNG carrier, Kmarin Diamond, delivered the seventh LNG shipment to the LNG terminal on March 31, PipeChina said.

This BP-chartered LNG carrier loaded the shipment from the Tangguh LNG plant in Indonesia, its AIS data provided by VesselValue shows.

PipeChina said these seven vessels represent the highest monthly number of carriers for the Yuedong LNG facility, guaranteeing the natural gas supply to the Guangdong-Hong Kong-Macao Greater Bay Area.

GIIGNL’s data shows that the Yuedong LNG terminal, previously operated by CNOOC, has a capacity of 4.2 mtpa and three 160,000-cbm tanks.

PipeChina operates seven LNG receiving terminals, and is building three new LNG plants.

The state-owned firm noted that the LNG market in 2023 is benefiting from the slowdown of the Covid-19 pandemic and the fall in spot LNG prices.

China received about 63.44 million tonnes of LNG last year, down 19.5 percent year on year, as Covid-19 lockdowns and high prices curbed demand for LNG in China.

The country’s LNG imports dropped by 11.9 percent in January-February to about 11.12 million tonnes.

However, China’s LNG import increased in February and the country received 5.21 million tonnes, up by 8.2 percent when compared to the last year.

- Advertisements -

Most Popular

Golden Pass LNG to speed up pipeline construction

QatarEnergy and ExxonMobil are seeking approval from US energy regulators to increase the peak workforce to speed up the...

US FERC to decide on Venture Global’s CP2 LNG project

The US FERC is set to decide next week on Venture Global LNG's proposed CP2 LNG project in Louisiana. According...

Singapore LNG bunkering volumes hit new record

Singapore’s liquefied natural gas (LNG) bunkering sales reached a new record in May, according to Singapore’s Maritime and Port...

More News Like This

China’s LNG imports rise 3.4 percent in May

China, the world’s largest liquefied natural gas importer, increased its LNG imports by 3.4 percent in May compared to...

Cedigaz: global LNG imports increased 1.7 percent in January-May

Global LNG imports rose by 1.7 percent to 169.3 million tonnes in January-May 2024, up from 168 million tonnes...

China boosts gas imports in May

China’s natural gas imports, including pipeline gas and LNG, increased in May compared to the same month last year,...

GIIGNL: 2023 LNG imports increased 2.1 percent to 401 million tons

Global LNG imports reached 401 million tons in 2023, increasing by 2.1 percent compared with the previous year, according...