China mining group plans riverside LNG terminal
Chinese coal miner Huainan Mining Group has won provincial approval to build a terminal along the Yangtze river to receive liquefied natural gas (LNG), according to a news report on a website affiliated with the Ministry of Transport published on Jan. 30.
The terminal, which the company claims is the first one to be built along the Yangtze, will have a handling capacity of 2 million tonnes annually and will cost about 3 billion yuan ($442.71 million) to build, according to the report.
The terminal, to be located at the port of Sanshan in the inland city of Wuhu in Anhui province, is slated for completion in 2022, the report said.
Huainan Mining is already partnering with state-run China National Offshore Oil Corp for a planned LNG receiving terminal at the coastal port of Yancheng in Jiangsu province. The 3 million tonne-per-year terminal is expected to be operational by the end of 2020
Source: Reuters (Reporting by Chen Aizhu; Editing by Christian Schmollinger)