China's Guangdong Starts Building $1 bln Huizhou Gas Terminal
07.30.2021 - NEWS


Deprecated: Function wp_make_content_images_responsive is deprecated since version 5.5.0! Use wp_filter_content_tags() instead. in /var/www/html/wp-includes/functions.php on line 5379

July 30, 2021 [IndiaTimes] – China has begun building a $1 billion natural gas import and storage base in the southern coastal province of Guangdong, a project in which U.S. energy major ExxonMobil is advancing discussion with partners for a joint investment.

 

ExxonMobil entered in September 2018 a preliminary deal with Guangdong province to invest billions of dollars worth of projects in the manufacturing hub, including a petrochemical complex and an LNG terminal in Huizhou.

“ExxonMobil is progressing project discussions with potential partners,” a Beijing-based company representative said, without giving further details.

Official Xinhua news agency had reported on Saturday Guangdong started constructing the terminal last Friday and aimed to start operating the import facility around the end of 2023.

The new terminal, situated at Huidong county of Huizhou city, has a designed annual receiving capacity of 4 million tonnes under phase-one investment estimated to cost 6.636 billion yuan ($1.02 billion), Xinhua said.

China’s state economic planner, the National Development and Reform Commission, gave the greenlight for the project in early-July, the report added.

The Huizhou terminal includes a berth that can dock up to 266,000 cubic-meter tankers of liquefied natural gas and three storage tanks each sized 200,000 cubic meters.

The report did not give any details on the investors of the project.

Guangdong also envisages expanding the project under phase two by adding another three 260,000-cubic meters tanks to raise the facility’s handling capacity to 10 million tonnes a year, the report said.

($1 = 6.4838 Chinese yuan)

Click Here to Access Today a 7,000 Tank Terminal Database With a Pro Trial

7,000 terminals as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

15th Annual National Aboveground Storage Tank Conference & Trade Show
06.24.2022 - EVENTS

Deprecated: Function wp_make_content_images_responsive is deprecated since version 5.5.0! Use wp_filter_content_tags() instead. in /var/www/html/wp-includes/functions.php on line 5379
  NISTM’s 15th Annual National Aboveground Storage Tank Conference & Trade Show is on... Read More
List of Tank Storage Facilities in TankTerminals.com – Week 25 (2022)
06.22.2022 - NEWS

Deprecated: Function wp_make_content_images_responsive is deprecated since version 5.5.0! Use wp_filter_content_tags() instead. in /var/www/html/wp-includes/functions.php on line 5379
BASF, Shell, Marathon, Kinder Morgan, Stolthaven, Pacific Energy, Exolum, Qatargas, Oiltanking, V... Read More
Buyer Interest in Exxon's Montana Refinery Rises with Fuel Margins - Sources
06.20.2022 - NEWS

Deprecated: Function wp_make_content_images_responsive is deprecated since version 5.5.0! Use wp_filter_content_tags() instead. in /var/www/html/wp-includes/functions.php on line 5379
June 20, 2022 [Reuters] – Record-high refining margins have renewed buyer interest in Exxon... Read More
OCI to Expand Rotterdam Ammonia Import Terminal
06.20.2022 - NEWS

Deprecated: Function wp_make_content_images_responsive is deprecated since version 5.5.0! Use wp_filter_content_tags() instead. in /var/www/html/wp-includes/functions.php on line 5379
June 20, 2022 [Port Technology] – OCI N.V has announced that it has made a final investment... Read More