Harboursandport.com: Chinese gas distributor ENN is seeking to commission the country's first private terminal at its Zhoushan terminal in China’s eastern Zhejiang region in order to meet the demand surge for the clean fuel, reports Reuters.
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| ENN’s new terminal will help private companies to keep up with the demand surge for LNG Photo: ENN |
The terminal will reportedly have a capacity of three million tonnes per year and will likely start operations in two month’s time, a senior company official told Reuters.
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Chinese companies are beginning to realise the potential of building their own LNG terminals to import the fuel directly to meet higher demand and reduce their dependence on supply from state-owned companies.
ENN’s new terminal might be the country’s first private LNG terminal, but government backed and state-run companies already have their own in operation, or in the pipeline.
State-run Sinopec Corp already operates three LNG receiving terminals at the ports of Qingdao, Beihai and Tianjin, each with an import capacity of three million tonnes per year.
Guangzhou Gas Group, a local government-backed gas distributor and a major supplier to Guangzhou province, plans to build a two million-tonnes-per-year receiving terminal at the port of Nansha by 2020.
China has now overtaken South Korea as the world’s second-largest LNG importer in 2017 with imports of 38 million tonnes, an increase of 46% on the previous year.
Import figures soared after the government ordered millions of homes to switch to natural gas and electric heating to counter rising air pollution.
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