Sinopec gets approval to build Longkou LNG import terminal

China’s state-controlled energy giant Sinopec said it has won approval to build the Longkou LNG import terminal in Shandong province.

The country’s National Development and Reform Commission (NDRC) recently granted the approval for the construction of the terminal, according to a statement by Sinopec.

Located in the Longkou port area, the first phase of the LNG facility would have a capacity of 6 mtpa.

This includes building a jetty capable of receiving the world’s largest LNG carriers of 266,000 cbm but also four storage tanks each with a capacity of 220,000 cbm, Sinopec said.

Also, the terminal would have a truck loading capacity of 1 mtpa, the firm said.

Sinopec did not provide any additional information on the LNG terminal which would be the company’s third such facility in China. The firm already operates the Qingdao and Tianjin LNG terminals.

It has recently completed the second expansion phase at its Qingdao LNG import terminal in Shandong province.

Sinopec built two new 160,000-cbm LNG storage tanks, boosting the terminal’s yearly handling capacity to 7 mtpa.

The energy giant is also working on the third expansion phase which it aims to complete in 2023.

This phase would increase the plant’s capacity to 14 mtpa, making it the largest in China, Sinopec previously said.

Chinese LNG imports have been steadily increasing in 2021 on strong demand from the power generation and industrial sectors. The country should overtake Japan as the world’s top LNG importer this year.

During the January-August period, China imported 51.81 million tonnes of LNG. This is about 0.47 million tonnes more LNG than Japan imported in the same period this year.

- Advertisements -

Most Popular

Hyundai Samho to build LNG carrier quartet for $1.08 billion

South Korea's Hyundai Samho has secured an order to build four liquefied natural gas (LNG) carriers for about $1.08...

QatarEnergy to further boost LNG output

State-owned LNG giant QatarEnergy said on Sunday it will further boost its liquefied natural gas production from the North...

Tellurian reports $166.2 million net loss in 2023

US LNG firm Tellurian reported a net loss of $166.2 million in 2023, as it continues to work on...

More News Like This

CNOOC completes Binhai LNG tank testing

China National Offshore Oil Company (CNOOC) has completed hydro testing of all of the six giant LNG storage tanks...

China’s LNG imports increased 12.6 percent in 2023

China’s liquefied natural gas imports rose 12.6 percent in 2023, and the country overtook Japan as the world's largest...

China’s gas imports rose 9.9 percent in 2023

China’s natural gas imports, including pipeline gas and LNG, increased 9.9 percent in 2023, according to customs data. Natural gas...

Australia Pacific LNG pens new domestic gas deal

Australia Pacific LNG, the operator of the 9 mtpa LNG export facility on Curtis Island near Gladstone, has signed...