Jiasheng Gas, a Chinese independent gas distributor, has signed an engineering, procurement, and construction (EPC) contract with China Wuhuan Engineering to build a 1.5 Mt/year LNG regasification terminal at the Jiangyin port in Jiangsu province (east-central China). The CNY2.5bn (US$380m) project, which also comprises two 100,000 cm storage tanks, will take about two years to build (commissioning in late 2023 or early 2024). Jiasheng Gas plans to expand the project at a later stage, with a second 1.5 Mt/year phase and another 160,000 cm tank.
China operates 27 LNG regasification terminals, for a total capacity of 69 Mt/year (93 bcm/year) (November 2020). Three projects were commissioned in 2019: the Fujian LNG-phase 3 (1.5 bcm/year, Fujian LNG), the Hua'an Shenzhen Gas Peak Shaving Terminal (1.1 bcm/year, Shenzhen Gas Group), and CNOOC's Fangchenggang LNG (0.8 bcm/year). Several regasification terminals are under construction, representing a capacity of 63 Mt/year (85.5 bcm/year)
Interested in LNG Databases?
World LNG Database offers a complete set of data on LNG markets. The service provides detailed information on existing and planned liquefaction and regasification plants. It also includes LNG shipping around the world, LNG contracts, time series on regasification and liquefaction capacities, LNG flows and LNG prices for all players in the market.