China State Reserve to complete Xuanhua LNG plant in late 2013

25 February 2013 06:41  [Source: ICIS news]

SINGAPORE (ICIS)--China State Reserve Energy & Chemical is expected to complete the construction of a 1m cbm/day gas liquefaction plant in Xuanhua county, Hebei province, in late 2013, a company source said on Monday.

The company has already built two 5,000cbm storage tanks at the same site, the source said.

Liquefied natural gas (LNG) output will be mainly sold to Guangdong, Jiangsu and Zhejiang provinces, the source said, adding that the company may build a second phase project depending on market demand.

LNG delivery will be carried out by the company’s logistics subsidiary, which has about 10 LNG tanker trucks in service, the source said.

The company is planning to buy more trucks in the future and may also work with third-party logistics companies, added the source.

China State Reserve Energy & Chemical largely focuses on the investment and development of energy projects, such as resource strategic reserves and storage.

By: Francie Liu
+65 6780 4327

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