LNG

Beijing Gas Group has obtained the government's approval to construct a liquefied natural gas import terminal with huge storage tank capacity in the Nangang district of Tianjin city, giving the port of Tianjin three facilities to guarantee energy supply security to the Chinese capital.

Asian Infrastructure Investment Bank (AIIB), backed by the Chinese government, said it was investing $500 million in an LNG import project near Tianjin port in northeast China to help support efforts to reduce air pollution.