Sinopec's Shandong LNG terminal expansion wins provincial approval

The terminal, in the port city of Qingdao, will add two tanks each sized 160 000 m³, and will therefore have annual handling capacity of 7 million t.

Sinopec, a latecomer to the LNG business among state-run oil and gas companies, started operating the first phase of the Qingdao terminal at end-2014, with annual handling capacity of 3 million t.

The expansion is estimated to cost 2.3 billion yuan (US$337 million) and will take three years to build.

Sinopec operates two other terminals, one in Guangxi in the southwest and one in Tianjin, near Beijing.