LNG

Liaoning’s second LNG terminal to drive price drop

China’s Bestsun Energy plans to build a 2.6 mtpa LNG terminal in Liaoning within 30 months, which could bring down prices in the province China’s Bestsun Energy plans to build a 2.6 mtpa LNG terminal in Liaoning within 30 months, which could bring down prices in the province.
By Tang Tian 14 February 2018 0 29575
Dalian LNG terminal PetroChina’s Dalian LNG terminal. (Interfax)

LNG prices in northeastern China’s rustbelt province of Liaoning – one of the hottest markets for the fuel this winter – could be set to decline in coming years, after a Chinese gas distributor said it planned to build the province’s second LNG terminal by the end of the decade.

Bestsun Energy, a gas distributor serving Beijing and the surrounding region, said the first phase of its proposed terminal, to be located in Suizhong county, will have a capacity of 2.6 mtpa and include one berth...