11JAN2019 - NEWS - Yantai Port Group and PetroChina will jointly build LNG receiving station and crude oil terminal

North Chinese port operator Yantai Port Group has recently signed agreements with two subsidiaries of PetroChina for the construction of the LNG receiving station at west port area of Yantai Port and facilities of a 300,000 tonne-class crude oil terminal. The LNG station project will be jointly constructed by Yantai port and Kunlun Energy Company Limited, a subsidiary of PetroChina. The whole project investment is RMB7bn, including one berth for a 266,000 cu m LNG vessel, LNG storage tanks and other facilities. In addition, Yantai port is to work with PetroChina Fuel Oil Company Limited to build and operate the second phase project of the 300,000 tonne-class crude oil terminal.

Published by Editor - www.Livebunkers.com at 11-Jan-2019 06:23:40 [UTC] , contact editor at editor@livebunkers.com