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Tuesday, 24 January 2012

NDRC approves $2.8bn Beihai facility

China’s Sinopec is reportedly close to achieving full state approval for a $2.8bn LNG import facility on an artificial island near Beihai having received the thumbs-up from the country’s National Development and Reform Commission (NDRC).

According to Reuters, the facility is expected to come onstream in 2015 and boast a first-phase capacity of 3m tpa.

It is understood that Sinopec eventually plans to up this to around 9m tpa, although precise details remain scant.

Once up and running, the new Beihai facility will receive LNG shipments from Queensland in Australia.

Sinopec, the newswire continues, is currently building an LNG import facility in Qingdao, with a third such facility lined up for Wenzhou.

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