China’s Guangzhou Gas Group said the liquefied natural gas (LNG) storage tank and jetty it’s building on the southern coast in Guangzhou is expected to begin commercial operation by second-half 2022, with initial annual throughput of 1 million tonnes.
In slides presented at a gas conference in Shanghai, the company said it would begin issuing tenders to buy over 1 million tonnes per year of LNG for the medium and long term in 2021.
Local government-backed Guangzhou Gas, one of China’s fast-growing players in the LNG sector outside the national state giants, had earlier planned to build a 2 million tonnes per year LNG terminal by 2020.
Phase 1 of the terminal project on the southern coast includes building two 160,000 cubic metre LNG storage tanks, while Phase 2 includes building two 200,000 cubic metre LNG storage tanks, according to the presentation.
The jetty will be able to berth a 80,000 tonne LNG tanker.
Source: Reuters (Reporting by Emily Chow; Writing by Shivani Singh; Editing by Kenneth Maxwell)