16 August 2012 12:56 [Source: ICIS news]
“Preliminary works on ocean reclamation have already started,” said the source.
The terminal, which will be equipped with three storage tanks each with a capacity of 160,000 cubic metres (cbm), is waiting for official approval from the National Development and Reform Commission (NDRC) to officially commence construction, the source said.
The company also plans to expand the capacity of the terminal to 5m tonnes/year and build three more tanks – also at 160,000cbm each – as the second phase of the project, the source added.
However, the actual schedule for the second phase has yet to be confirmed.
“We’ve signed agreements of intent on LNG supply to consumers in
LNG processed at the Beihai terminal will mainly be imported from
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