LNG Journal editor
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.
The terminal will have an initial 5 million tonnes per annum of capacity and adds to the supply available from Sinopec’s Tianjin North import terminal and the Floating Storage and Regasification Unit capacity deployed in recent years by China National Offshore Oil Corp.
Asian Infrastructure Investment Bank (AIIB), backed by the Chinese government, said in December 2019 it was investing $500 million in a new LNG import project near Tianjin port under the management of state-run Beijing Gas to help support efforts to reduce air pollution.
With a population of around 113 million, the Beijing-Tianjin-Hebei region is one of the most important economic engines within China and has increasing natural gas demand.It is also an area where the Chinese government has concentrated its “Blue Skies” policy to reducing coal consumption will also deliver the co-benefit of improving air quality.
Beijing Gas is mainly engaged in city-gas distribution and supplies more than 10 billion cubic metres per annum to the Chinese capital and surrounding areas.
The AIIB said in extending the loan to Beijing Gas that the region can meet its environmental commitments and still ensure adequate gas supply to maintain peoples’ livelihoods.
The new Tianjin terminal project has also been approved by the National Development and Reform Commission.
Beijing Gas said its terminal in Tianjin was expected to be completed by 2022 and will include emergency reserves comprising 10 extra storage tanks with 200,000 cubic metres capacity each.
The new Tianjin terminal will also have a jetty to receive the largest carriers of 260,000 cubic metres capacity. There will also be a pipeline of 230 kilometres to send regasified LNG supplies to gas storage facilities near Beijing.