Sinopec gets OK for Tianjin LNG expansion

China’s state-controlled energy giant Sinopec said it has secured approval to build the third phase at its LNG import terminal in the northern port city of Tianjin, near Beijing.

According to Sinopec, the expansion project includes five new LNG storage tanks each with a capacity of 270,000 cubic meters.

The project would boost the annual LNG receiving capacity of the Tianjin terminal to 11.65 million tonnes, it said.

Sinopec did not provide any additional information regarding the project.

The terminal has a capacity of six mtpa but the state-owned firm is expanding the facility to handle up to 10.8 mtpa by 2022.

This includes building five 220,000-cbm LNG storage tanks as part of the second expansion phase.

Besides this facility, Sinopec has recently started building the Longkou LNG import terminal in Shandong province.

Located in the Longkou port area, the first phase of the LNG facility would have a capacity of 6.5 mtpa, according to Sinopec.

In August, Sinopec has also completed the second expansion phase at its Qingdao LNG import terminal in Shandong province.

As part of that expansion, 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.

Most Popular

Atlantic LNG shipping rates, European prices down

Atlantic LNG freight shipping rates and European prices decreased this week compared to the week before.

Glenfarne becomes majority owner of Alaska LNG

US energy firm Glenfarne has signed definitive agreements with state-owned Alaska Gasline Development Corporation to become the majority owner of the giant Alaska LNG export project.

Petronas to supply LNG to PetroVietnam Gas

Malaysian energy giant Petronas will supply liquefied natural gas (LNG) to PetroVietnam Gas, a unit of state-owned PetroVietnam, next month. The two firms will also look into the possibility of signing long-term LNG contracts.

More News Like This

DSIC starts work on first LNG carrier for Cosco and Sinopec

China’s Dalian Shipbuilding Industry (DSIC) has officially started building the first LNG carrier for a joint venture consisting of...

TotalEnergies inks LNG supply deal with China’s Sinopec

TotaLEnergies said on Monday it will supply Sinopec with two million metric tons of LNG per year. The deal is...

China’s Sinopec seeks APLNG contract price review

Australia's Origin Energy confirmed on Friday that Australia Pacific LNG, in which Origin owns a 27.5 percent interest, has...

China’s Huaying LNG import terminal launched

The 2017-built 174,100-cbm, Cesi Beihai, has delivered the first commercial LNG shipment to the facility from Australia on September...