MOSCOW (MRC) -- State-controlled oil and gas producer PetroChina has officially started construction works on the third phase of the expansion project at its Rudong LNG import terminal in Jiangsu province, as per LNGWorldNews.
The third phase which started on November 26 includes the addition of two 200,000-cbm LNG storage tanks, according to a statement by CNPC, the parent company of PetroChina.
After the completion of the expansion project in 2021, the LNG facility will have three 160,000-cbm and three 200,000-cbm LNG tanks with total capacity of some 1.08 million cbm, the statement said.
The terminal, which started operations in 2011, has an annual regasification capacity of 6.5 million tonnes of LNG.
According to the CNPC statement, Rudong terminal handled 75 LNG ships or 5.75 million tonnes in the January-November period, the highest in its history.
As MRC informed previously, in January 2018, PetroChina nearly doubled the amount of Russian crude being processed at its refinery in Dalian, the company’s biggest, since January, as a new supply agreement had come into effect. The Dalian Petrochemical Corp, located in the northeast port city of Dalian, is expected to process 13 million tonnes, or 260,000 bpd of Russian pipeline crude this year, up by about 85 to 90 percent from last year’s level.
PetroChina has designated three refineries in northeast China - Dalian, Liaoyang and Jilin - as the main receiving points for the increased Russian supply. Liaoyang will begin taking more crude once a major upgrade is completed at the end of this year. The new volumes will flow as a result of Russia and China expanding the East Siberian Pacific Ocean pipeline that starts at Rosneft’s oilfields in East Siberia and enters China at border town of Mohe.
MRC