28 March 2013 06:10 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Guanghui Energy announced on Thursday that it is planning to invest yuan (CNY) 320m ($52m) to construct a 300,000 cubic metre (cbm)/day liquefied natural gas (LNG) plant at Kashgar in Xinjiang province.
The company will also invest CNY1.9bn to set up a LNG distribution hub at Nantong in Jiangsu province, it said in a separate statement.
The distribution centre will be able to handle 600,000 tonnes/year of cargoes in the first phase, which is expected to be completed in 2014 and operating at full capacity in 2017.
Guanghui Energy will then expand the centre’s LNG capacity to 1.15m tonnes/year by 2017 and commence full loading operations in 2020, according to the statement.
The company will also construct a LNG wharf, a berth and storage tanks to support the centre’s operations.
Meanwhile, Guanghui Energy plans to invest CNY1.2bn to build 126 natural-gas filling stations in Xinjiang this year.
Guanghui Energy is one of the largest LNG producers in China, with its current production capacity of 4.5 million cubic metres (cbm)/day.
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