China’s Sinopec to start up Qingdao LNG terminal in November 2013

21 September 2011 07:37  [Source: ICIS news]

GUANGZHOU (ICIS)--China’s Sinopec is planning to start up its 3m tonne/year liquefied natural gas (LNG) terminal at Qingdao of Shandong province by November 2013, a company source said on Wednesday.

Sinopec started building the yuan (CNY) 10.1bn ($1.6bn) facility in September 2010 and is the company’s first LNG terminal in China, the source added.

The producer is building the terminal to enter the LNG market, the source said.

The company is building three storage tanks, each with a capacity of 160,000 cubic metres (cbm), and a dock to support future operations at the terminal, the source said.

In addition, Sinopec is planning to expand the capacity at the terminal in the second phase of the construction.

However, the company has not decided its capacity or when it will start building the second phase, according to the source.

($1 = CNY6.39)                                                         

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By: Fanny Zhang
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