China’s Guangdong Dapeng LNG terminal, in which CNOOC and BP hold stakes, reached a new milestone last month.
According to separate statements by CNOOC Gas and Power and BP China, the GDLNG terminal hit the milestone on June 2 with supplying over 100 million metric tons to downstream gas customers in the Guangdong-Hong Kong-Macao Bay Area since its launch in 2006.
With this, the facility became the first LNG import terminal in China to reach the 100 million tons mark, the two firms said.
China’s first LNG import terminal has a design capacity of 6.8 million tons per year. The facility features four 160,000-cbm LNG tanks and also a truck loading station.
According to data by GIIGNL, CNOOC owns 33 percent in GDLNG, the province of Guangdong 30 percent, BP 30 percent, HK & China Gas 3 percent, and Hong Kong Electric 3 percent.
In 2021, BP started to directly supply customers in China with regasified LNG from the LNG terminal in Shenzhen.
With this, BP has created a fully integrated gas value chain into China, directly connecting upstream resources, transportation, and trading with downstream gas customers.
The energy firm has 600,000 tons a year tolling regasification capacity at GDLNG.
BP China and CNOOC Gas and Power said that GDLNG’s cumulative gas supply volume accounts for about 40 percent of the gas consumption in Guangdong province and also about 30 percent of the gas consumption in Hong Kong.