Reuters are reporting that Sinopec’s plan to expand its LNG terminal in east China’s Shandong province has won a green light from the provincial government.
The terminal, in the port city of Qingdao, will add two tanks each sized 160 000 m3, and will therefore have annual handling capacity of 7 million t.
Sinopec, a latecomer to the LNG business among state-run oil and gas companies, started operating the first phase of the Qingdao terminal at end-2014, with annual handling capacity of 3 million t.
The expansion is estimated to cost 2.3 billion yuan (US$337 million) and will take three years to build.
Sinopec operates two other terminals, one in Guangxi in the southwest and one in Tianjin, near Beijing.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/03082018/sinopecs-shandong-lng-terminal-expansion-wins-provincial-approval/