Sinopec plans LNG terminal in Guangdong

China Petroleum & Chemical Corp. is planning to build a liquefied natural gas terminal in Maoming, Guangdong province. The company known as Sinopec may also build a 500,000CUM LNG storage facility and a port for crude oil tankers. Chinese energy companies including Sinopec and PetroChina Co. are building LNG terminals as part of the government’s plans to use more of the cleaner-burning fuel. China’s LNG imports rose 66% to 5.5 million metric tons in 2009 data show. If approved, the terminal will be Sinopec’s first in the southern province of Guangdong. The company has received approval to build a terminal in Qingdao in the eastern province of Shandong.

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