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Chinese pair, China Huadian and Guanghui Energy shave agreed to build a liquefied natural gas (LNG) receiving and storage facility in Yueyang city on the Yangtze river.
Named the Yueyang LNG terminal, the project will be developed in three phases at a cost of 1.99 billion Chinese yuan ($293.2 million), Guanghui Energy said in a filing to the stock exchange.
In the first phase, the LNG receiving terminal will have the capacity to handle 500,000 tons of the chilled fuel while this capacity would be expanded to 1 million tons per year and then 2 million tons per year in the second and third stage of development.
At full buildout, it will handle 2 mtpa, have four 20,000-cbm storage tanks, and an LNG receiving dock with two 10,000-cbm LNG loading berths, three 5,000-cbm loading berths and one workboat berth at an area covering a 1.2 kilometers of the Yangtze river coastline in the Hunan province’s Yueyang city.
Liquefied natural gas will be supplied to the Yueyang LNG terminal from Guanghui Energy’s other LNG receiving terminal at the estuary of the Yangtze River in Qidong City. With the capacity of the terminal expected to reach up to 10 mtpa by 2022, it would provide ample supply for the Yueyang LNG facility the company said.
The first phase of the project is expected to come online by the end of December 2020, the filing reads.
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