27 May 2013 07:21 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Shaanxi Yuanchang Energy Investment is expected to start building a 1m cubic metre (mcm)/day gas liquefaction plant at Qingjian county in Shaanxi province in August, a source close to the company said on Monday.
The company will build two 5,000 cubic metre storage tanks at the same site, and the project is expected to come on stream in October 2014, according to the source from Qingjian County Natural Gas, a subsidiary of Shaanxi Yuanchang Energy Investment.
The project will mainly use natural gas supplied from PetroChina’s Changqing oilfield.
The related gas pipelines are expected to commence operation in July 2013, the source said.
Shaanxi Yuanchang may also consider to build a second phase of the project depending on market demand, the source added.
Liquefied natural gas (LNG) outputs will be distributed at the company’s refuelling stations, with surplus supplied to the domestic market.
The company is building LNG-refuelling stations in Zichang and Qingjian counties in Shaanxi province. Four are in operation; two are under construction; and more than 10 are waiting for government approval, added the source.
Shaanxi Yuanchang Energy Investment is largely engaged in investment in industries such as coal mining, gas and chemicals. The company has been focusing on LNG business in the past few years.
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