NDRC Approves Yantai LNG Terminal
After over three years of preparation, the Yantai LNG receiving terminal was officially approved by the National Development and Reform Commission and the National Energy Administration of China on January 9th, 2020. All construction is planned to start in 2020.
Phase I of the project will cost 1.1 billion US dollars and consist of an LNG-dedicated harbor and waterway, one LNG berth receiving up to 266,000 cubic-meter carriers; one 50,000 cubic-meter transshipment berth, and five 200,000 cubic-meter storage tanks. Phase I, when completed, will receive 5 million metric tons of LNG per year and regasify 40 million cubic meters per day. The project is designed to be operational in mid-2022.
The second phase of the project, to launch by 2025, will consist of another two LNG berths receiving up to 266,000 cubic-meter carriers, and five more 200,000 cubic-meters storage tanks, expanding Yantai LNG’s receiving capacity to 10 million tons per annum. In the long-term, Yantai LNG will expand to a capacity of 40 million tons per annum, making it one of the largest LNG terminals in China.