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Project Insights

New terminal could link Beijing to Australian gas

The import facility in Shandong proposed by a Chinese conglomerate and a regional power and heating supplier would connect rich gas resources in northeastern Australia’s Bowen Basin to Beijing The import facility in Shandong proposed by a Chinese conglomerate and a regional power and heating supplier would connect rich gas resources in northeastern Australia’s Bowen Basin to Beijing.
By Tang Tian 15 August 2019 Asia Pacific / LNG 0 34484
Sinopec's LNG terminal in Qingdao in Shangdong province. (Sinopec)

The key issue: Landbridge Group and Beijing Energy Holding have entered into a strategic cooperation agreement to develop a 5 mtpa LNG terminal in the port city of Rizhao in Shandong province.

Interfax analysis: The LNG terminal planned for Shandong province’s Rizhao city by privately owned Chinese conglomerate Landbridge Group and local government-owned utility Beijing Energy Holding (BEH) would be a natural fit for gas resources in Australia. Five years ago, Landbridge acquired Australia’s Westside, a gas producer that...