According to an article published in Safety4sea, Chinese Suntien Green Energy Co. Ltd, a wind power producer and piped gas distributor, plans to develop a $1 billion liquefied natural gas (LNG) receiving terminal in north China by end-2022, after its investment plans won state approval.
Facility for super-chilled fuel
The company, supported by the Hebei provincial government, will follow other Chinese companies that aim to operate and own a receiving facility for the super-chilled fuel, of which China is the world’s second-largest buyer.
During a Hong Kong exchange filing, the company reported that the central government has green-lighted its plan to construct a gas terminal, located at the city of Tangshan, with a capacity of 12 million tonnes a year.
Construction of eight storage tanks
The project will include eight storage tanks, each sized 200,000 cubic meters, and a berth able to dock LNG tankers between 80,000 and 266,000 cubic meters, the official said.
Moreover, the project will be developed in three phases including two berths capable of handling 10 mtpa, with the third berth planned to be built jointly with a third-party enterprise in order to obtain 2 million tons per year of the total unloading capacity.
China’s future in gas sector looks promising
The project is said to reach a 25.39 billion Chinese Yuan Renminbi ($3.6 billion) investment, without the construction of the third berth, which will be constructed by a third party.
China’s future on the gas sector looks promising as IEA expects that China and the US will become world’s biggest LNG exporters and importers in five years.
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Source: Safety4Sea
