China’s Sinopec finalises location for Wenzhou LNG terminal

24 October 2012 11:51  [Source: ICIS news]

SINGAPORE (ICIS)--China’s oil and gas major Sinopec has determined the location for its Wenzhou liquefied natural gas (LNG) terminal to be at Xiaomendao Island in Zhejiang province, east China, an official from Wenzhou Development and Reform Commission said on Wednesday.

The company is expected to start construction in 2013, and to begin terminal operations in 2015 or between 2016 and 2017, the official said.

The terminal is designed to handle 3m tonnes/year of imported LNG, and will be equipped with four 160,000 cubic metre (cbm) storage tanks and a jetty to dock LNG carriers with a loading capacity of 270,000cbm, the official said.

The number of storage tanks will be increased to eight or 10 for the second phase of the project.

The terminal is expected to receive LNG originating from either Papua New Guinea or Australia, market sources said.

Company officials were not immediately available to comment on the matter.

Sinopec currently has no operational LNG terminals in China.

By: Ricki Wang
+65 6780 4359

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