Sinopec to operate Beihai LNG terminal in 2015

16 August 2012 12:56  [Source: ICIS news]

SINGAPORE (ICIS)--China’s oil and gas giant Sinopec plans to bring on stream a 3m tonne/year receiving terminal for imported liquefied natural gas (LNG) at Beihai in Guangxi in 2015, a company source said on Thursday.

“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 Guangxi, Guangdong and Guizhou, via truck delivery and pipelines after regasification,” the source said.

LNG processed at the Beihai terminal will mainly be imported from Papua New Guinea under a 2m tonne/year purchase and supply agreement signed between Sinopec and Exxon Mobil in 2010.

By: Ricki Wang
+65 6780 4359

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