11 March 2013 03:28 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Daqing Qingran Natural Gas plans to start up a 250,000 cubic metre (cbm) gas liquefaction plant at Daqing in Heilongjiang province, northeast China, in June this year, a company source said on Monday.
The project, which involves an investment of more than yuan (CNY) 400m ($64.3m), is the first gas liquefaction facility in Heilongjiang.
The company is expected to build a second-phase project by 2015, bringing the total liquefaction capacity at the site to 500,000cbm /day, the source said.
Daqing Qingran has built two 5,000cbm storage tanks at the same site and plans to expand the total storage capacity to nearly 20,000cbm.
The facility will receive natural gas supply from PetroChina’s Daqing oilfield in northeast China, the source said.
The bulk of the liquefied natural gas (LNG) output will be supplied to Daqing Qingran’s gas-filling stations in Heilongjiang, with less than 2% of the product to be distributed in the spot market, the source added.
Daqing Qingran is largely engaged in the investment, production and sales of natural gas.
($1 = CNY6.22)
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