Yantai Port holds a 19% stake in the project and is constructing the facilities along with Yantai LNG Group. One of the facilities will have a capacity of 5 million t, and the other 6.5 million t.
Phase 1 of the project is due to cost approximately US$1.1 billion, and will involves the construction of: the LNG-dedicated port area; an LNG berth capable of receiving LNG carriers with a capacity up to 266 000 m3; a 50 000 m3 trans-shipment berth; and five 200 000 m3 storage tanks. Officials have told Reuters that this facility will receive 5 million tpy of LNG and regasify 40 million m3/d.
Phase 2 of the project, scheduled to be launched by 2025, will involve the construction of two LNG berths capable of receiving LNG carriers with a capacity up to 266 000 m3, and five more 200 000 m3 storage tanks. This will expand Yantai LNG’s receiving capacity to 10 million tpy.
