China approves Sinopec's Longkou LNG terminal
Chinese state-run energy company Sinopec on October 14 said its Longkou LNG import and regasification terminal project had been approved by the National Development and Reform Commission, the country’s highest planning body.
The proposed terminal will be located in the Shandong province and have a capacity of 6mn metric tons/year. The terminal will have a 266,000 m3 LNG berth, four LNG storage tanks each with a capacity of 220,000 m3 and other supporting infrastructure.
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The terminal has been included in the list of key oil and gas infrastructure projects jointly issued by the NDRC and the National Energy Administration. Construction work on the terminal is expected to start this year, Sinopec said.
Sinopec has approved the feasibility study for the project and the basic design is being verified. At present, the company operates three LNG import terminals in China: Qingdao, Tianjin and Beihai.