Sinopec LNG Qingdao Receiving Terminal will officially run in October 2014

January 15th, as the leader of the construction system of Sinopec LNG receiving station, Qingdao station, which has an annual capacity of 3 million tons, will be officially launched in October this year.

Sources said that Sinopec plans to formally operate Qingdao Dongjiakou LNG terminal in October this year. The receiving station has an annual receiving capacity of 3 million tons. At present, the project construction has completed 85% and is expected to be completed in the second half of this year.

Sinopec's plan for importing LNG receiving stations has fallen behind competitors PetroChina and CNOOC, but through stable and long-term supply, Sinopec is steadily establishing an import receiving station system.

After the completion of Qingdao LNG receiving station, Sinopec will build the following: 1. Lianyungang receiving station in Jiangsu Province will receive 3 million tons annually and put into production in 2015; 2. Guangxi Beihai receiving station will receive 3.5 million tons annually and put into operation by the end of 2015; 3. The Tianjin North Receiving Station will receive 3 million tons annually and will start production in 2016.

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