Sinopec’s Guangxi LNG creates regional competition
Sinopec’s Guangxi LNG terminal. Prices at the facility are lower than at its local competitors. (Tat Hong Holdings)
Sinopec’s newly commissioned LNG terminal in Guangxi has had an immediate impact on southern China’s gas market, with the company undercutting the prices of its competitors to win market share.
The arrival of the first cargo on 19 April marked the start of commercial operations at the 3 mtpa Guangxi LNG project, which is located off the port city of Beihai.