Sinopec's Tianjin terminal receives 10% of Chinese imports
Sinopec’s Tianjin terminal near Beijing has received and processed 18.5mn metric tons of LNG since it became operational three years ago, accounting for 10.3% of overall Chinese imports, the company said on March 23.
Since its commissioning in March 2018, the terminal has received an average of over 6mn mt/yr of LNG, equivalent to 8.5bn m3/yr of gas.
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Sinopec expanded the terminal's regasification capacity from 15mn to 45mn m3/day in late-2019 under the second stage of its development. Once this stage is complete, LNG import capacity will reach 10.8mn mt/yr, and it can supply 13.6bn m3/yr of regasified LNG to customers downstream in Beijing, Tianjin, Hebei and Shandong.
Sinopec agreed its first long-term contract for Qatari LNG this week, covering 2mn mt/yr of supply. The volumes will be delivered to its terminals in China.