Sinopec's Shandong Terminal Expansion Approved
The second phase of Sinopec’s Shandong LNG project has been officially approved by Shandong provincial government, the company said August 2.
In the second phase, the company will add two 160,000 m3 storage tanks to the terminal. Sinopec will also build new warehouses and acquire additional land near the terminal. Once the second phase is complete, terminal’s handling capacity will reach 7mn mt/yr, Sinopec said. The company did say by when second phase work will finish.
The project has a vital role to play in increasing gas supplies to Shandong province, the company said. Located in the port city of Qingdao in Shandong province, the terminal at present has a capacity to handle 3mn mt/yr of LNG.