- A strategic agreement between China’s Lanqiao port and Beijing Energy Holding for the construction of LNG receiving station.
- The Terminal is invested with an amount of RMB6.7bn ($973m) and is to be constructed at Lanqiao port.
- The terminal will have a loading and discharging capacity of 5m tons LNG annually.
China’s Lanqiao port (Landbridge port) has signed a strategic co-operation agreement with Beijing Energy Holding to jointly invest in RMB6.7bn ($973m) for the construction of LNG receiving station at Lanqiao port, says an article published in Seatrade Maritime News.
Overseas Energy projects
The terminal will have a loading and discharging capacity of 5m tons LNG annually.
In addition, the two parties plan to develop overseas energy projects, oil and gas international trading businesses together.
Beijing Energy Holding
Beijing Energy Holding was established in 1993 and is owned by State-owned Assets Supervision and Administration Commission of the People’s Government of Beijing Municipality.
Beijing Energy Holding caters comprehensive services to the energy industry.
Lanqiao is a deepwater port in Shandong province, located at the south of Rizhao. The port started construction in 2004 and started its operation in June 2009. It currently has nine operational berths and another seven berths under construction.
The port has been developed to be the largest private port in China, which is planning public listing to fund business expansion.
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Source: Seatrade Maritime News