Shenzhen Gas, a Chinese city-gas distribution company is set to launch its first fully-owned terminal in southern China.
Speaking to Reuters, Qiu Lihua, general manager of Sino-Benny, a Shenzhen Gas company, said this will make the company the second state-backed outfit to own an LNG import facility, since Shenergy Group in 2008.
Qiu noted that Sino-Benny will operate the facility located at the Yantian port with an annual capacity of 800,000 tonnes of LNG.
The imports facility will have a connection to the municipal gas grid, that is already receiving volumes from CNOOC and PetroChina.
The facility at the Yantian port in Shenzhen includes a new LNG berth and a storage tank with an 80,000-cbm capacity with the first cargo scheduled for Sunday.
Italian energy giant Eni has been contracted to deliver 65,000 cubic meters.
Qiu added that the size of the terminal’s berth is a limiting factor in terms of purchasing in the spot market as the cargoes on the water might not be able to unload.
LNG World News Staff