Sinopec advances Longkou LNG terminal project
Sinopec, China's leading energy company, on June 30 announced the successful completion of the gas jacking operation for the No. 2 storage tank of the Longkou LNG import and regasification terminal project. The project was approved by National Development and Reform Commission (NDRC), China’s highest planning body, in October 2021.
This development means the company has completed gas jacking operations for all four 220,000 m3 storage tanks in the project's first phase.
Situated in Shandong province, the Longkou LNG import and regasification terminal has earned a spot on the list of key oil and gas infrastructure projects jointly issued by the NDRC and the National Energy Administration.
Scheduled for completion and operation in October 2023, the first phase of the project will provide an initial LNG handling capacity of 6.5mn metric tons/year (mn mt/yr). As the project progresses into its second phase, the terminal's capacity is set to nearly double to 12mn mt/yr.
Sinopec said that the Longkou LNG terminal will play a pivotal role in ensuring gas supplies in the Bohai Rim, North China, and East China regions. Moreover, it is expected to optimise the regional energy structure, fostering sustainable economic and social development in the area, the company added.