The EPC contract will see three prestressed full containment LNG tanks delivered to the Huizhou LNG Terminal.
Gavin Thompson, Vice Chair, Wood Mackenzie Asia Pacific spoke to Xueke Wang from the company’s Asia Pacific Gas Research team to find out more about China’s surging LNG market.
China is set to contribute 27% of the total LNG regasification capacity additions between 2021 and 2025.
GTT has received an order for the design of two very large membrane full containment LNG storage tanks.
The parties signed a Heads of Agreement for the long-term supply of LNG from the Arctic LNG 2 project.
A recent report by GlobalData states that Russia and China will contribute 43% of the total small scale liquefaction capacity additions between 2021 and 2025.
The companies have formed a joint venture to sell LNG, supplied by Total, to Shanghai and the Yangtze River Delta regions.
Qatar Petroleum has signed a 10-year agreement with Sinopec to deliver 2 million tpy of LNG to China.