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Sinopec’s Shandong LNG terminal expansion wins provincial approval
* Sinopec’s plan to expand its liquefied natural gas terminal in east China’s Shandong province has won a green light from the provincial government, the state energy firm said on Thursday
* The terminal, in the port city of Qingdao, will add two tanks each sized 160,000 cubic metres, and will thus have annual handling capacity of 7 million tonnes, the company said, without giving a timeline for the expansion
* Sinopec, a latecomer to the LNG business among state-run oil and gas firms, started operating the first phase of the Qingdao terminal at end-2014, with annual handling capacity of 3 million tonnes
* The expansion is estimated to cost 2.3 billion yuan ($337 million) and will take three years to build, local media reported late last year
* Sinopec operates two other terminals, one in Guangxi in the southwest and one in Tianjin, near Beijing. Marquel Lee Authentic Jersey
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