The recent signing of an agreement with PetroChina’s pipeline division has given impetus to a 450 million yuan LNG terminal construction project in Jiangsu province, the latest in a string of LNG facilities recently completed or under construction up and down China’s seacoast.
The terminal’s builder and future operator, Xinjiang Guanghui New Energy Ltd., closed the deal for future natural gas supplies delivered by PetroChina’s West-East pipeline. The gas will be refined and stored at the Qidong terminal for export via LNG carriers to countries such as Malaysia.
Guanghui is also building an LNG terminal south of Shanghai in Zhoushan, Zhejiang province, as part of a national effort to boost China’s domestic and export markets for natural gas, according to a report in the 21st Century Business Herald newspaper. The company operates gas extraction and coal gasification facilities in western China.
Construction of the Qidong terminal began last year and is expected to be completed n 2019. Its storage tanks, refinery and ship loading facility are slated to have an initial annual capacity of 600,000 tons, eventually growing to 3 million tons.
China’s ongoing LNG terminal build-out includes facilities for importing and exporting on the coast from Dalian to Shenzhen. A few months ago, a terminal near Shenzhen began receiving LNG carriers transporting gas shipped from the U.S.
Photo: A Guanghui New Energy LNG terminal