Cargoes imported into China’s state-owned terminals are piling the pressure on domestic LNG plants in the eastern coastal province of Shandong, forcing all but one of its liquefaction facilities to shut down.
Shandong’s LNG consumption is currently averaging 190 tanker trucks per day, 161 of which are from Sinopec’s terminal in Qingdao, a major port city in the province, and China National Offshore Oil Corp.’s (CNOOC’s) facility in Tianjin, according to data from consultants SCI International.
Sixteen tankers come from Inner Mongolia and Hebei province, with the...
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