China National Offshore Oil Corp. (CNOOC) unit, CNOOC Gas & Power said it will begin construction of six liquefied natural gas (LNG) storage tanks at its Tianjin LNG terminal.
The expansion has been approved by the company’s committee on May 28, CNOOC said in a statement.
The decision comes following the 2017 winter when the demand for natural gas in northern China increased dramatically. CNOOC said the Tianjin terminal processed 2.08 million tons in 2017, an increase of 215 percent compared to the year before.
The demand for natural gas in the region is expected to stay high over the coming years, CNOOC said, adding that Tianjin could process 3.21 million tons in 2018. The company expects this figure to reach 7.25 million tons in 2030.
Under the Tianjin LNG LNG phase 2 project, CNOOC will build six storage tanks with 220,000 cubic meters capacity each, 12 gasification units and 12 high-pressure pumps and three low-temperature compressors and ancillary facilities, with a scheduled startup in 2022.
Once the new facilities are completed, Tianjin LNG terminal will have the capacity to handle 7.25 million tons per year.
Sources:lngworldnews
头条7.Hudong delivers sixth APLNG-dedicated carrier
Mitsui O.S.K. Lines said the LNG carrier CESI Lianyungang has been delivered at the Chinese Hudong-Zhonghua Shipbuilding yard.
The vessel, ordered by the joint venture of China COSCO Shipping Corporation (CCSC) and China Petroleum & Chemical Corporation (SINOPEC), is the final in the series of six carriers ordered in the China LNG transportation project.
MOL added in its statement that the CESI Lianyungang will sail under a long-term charter transporting LNG that Sinopec purchases from the Australia Pacific LNG project.
The five vessels already delivered for the project are already in operation managed by a joint company in which MOL holds a 20 percent stake while CCSC and SINOPEC hold the remaining 80 percent.
MOL added it is currently involved in the operation of 96 LNG vessels, including FSRUs as well as vessels under construction and is looking to further expand its fleet.
Sources:lngworldnews
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