Lanqiao port and Beijing Energy to jointly develop LNG receiving terminal

China’s Lanqiao port (Landbridge port) has inked strategic co-operation agreement with Beijing Energy Holding to jointly invest in RMB6.7bn ($973m) for the construction of LNG receiving station at Lanqiao port.

The terminal will have a loading and discharging capacity of 5m tons LNG annually. In addition, the two parties plan to develop overseas energy projects, oil and gas international trading businesses together.

Beijing Energy Holding, established in 1993, is owned by State-owned Assets Supervision and Administration Commission of People’s Government of Beijing Municipality, providing comprehensive services to energy industry.

Lanqiao is a deepwater port in Shandong province, located at the south of Rizhao. The port started construction in 2004 and was officially opened for operation in June 2009. It currently has nine operational berths and another seven berths under construction.

The port has been developed to be the largest private port in China, which is planning public listing to fund business expansion.

Posted 09 July 2019

© Copyright 2019 Seatrade (UBM (UK) Ltd). Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Seatrade.

Katherine Si

China Correspondent

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