29 March 2013 06:18 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Hebei Huaqi Natural Gas is expected to begin liquefied natural gas (LNG) supply to the domestic market on 1-6 April, a company source said on Friday.
The company has been producing on-spec LNG at its 1m cbm/day gas liquefaction plant at Bazhou in Hebei province since 26 March, the source said.
The yuan (CNY) 1.2bn ($192m) plant mainly process natural gas supplied via PetroChina’s Shaanxi-Beijing gas pipeline system.
The company has a 20,000cbm storage tank at the same site, and is running the facility at more than 40% of capacity.
About 70% LNG output from the plant will be distributed to the company’s refuelling stations, and the remaining will be supplied to spot market, mainly in north China, the source said.
LNG consumption by buses and heavy trucks in north China will be strong in the future, added the source.
As for LNG delivery, the company will work with third-party logistics companies for the moment and plans to buy their own tank trucks later, the source added.
Hebei Huaqi Natural Gas is a subsidiary of China Natural Gas Corp and is largely engaged in LNG development and utilisation, and the construction of industrial gas projects.
($1 = CNY6.21)
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