China’s Sinopec Corp has teamed with Zhejiang Energy Group Co Ltd on a 3 million tonne-per-year liquefied natural gas (LNG) terminal in east China, with the first phase set for operation at end-2021, the state oil giant said on Wednesday. The project, to be built in Wenzhou of Zhejiang province, includes four tanks each able to store 200,000 cubic metres of LNG, a berth to dock tankers of 30,000 cubic metres to 266,000 cubic meters, as well as a 26-km (16-mile) pipeline. The two companies launched on Monday new entity Zhejiang Zheneng Wenzhou LNG Co Ltd that is 51 percent owned by the Zhejiang group, 41 percent by Sinopec and 8 percent by a local investment firm, said a Sinopec press official.
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23 August 2018 - 23:00
Sinopec, Zhejiang group to build LNG terminal, first phase set for end-2021
China’s Sinopec Corp has teamed with Zhejiang Energy Group Co Ltd on a 3 million tonne-per-year liquefied natural gas (LNG) terminal in east China, with the first phase set for operation at end-2021, the state oil giant said on Wednesday
WORLD SHIPPING
23 August 2018 - 23:00
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