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Sinopec plans LNG terminal in Guangdong

Sinopec plans LNG terminal in Guangdong

Shanghai: China Petroleum & Chemical Corp. has revealed plans to build a liquefied natural gas terminal in Maoming, Guangdong province an unidentified official at the Maoming Development and Reform Commission told C1 Energy, writes Bloomberg. The company known as Sinopec may also build a 500,000 cubic-meter LNG storage facility and a port for crude oil tankers, said C1 Energy, a unit of CBI China Co., a Shanghai- based commodity researcher. Huang Wensheng, Sinopec's Beijing- based spokesman, couldn't be immediately reached on his office and mobile telephone.

Chinese energy companies including Sinopec and PetroChina Co. are building LNG terminals as part of the government's plans to use more of the cleaner-burning fuel. China's LNG imports rose 66 percent to 5.5 million metric tons last year, customs data show.

Sinopec's Maoming LNG plans are still at a preliminary stage, C1 said, citing the unidentified official. If approved, the terminal will be Sinopec's first in the southern province of Guangdong. The company received approval to build a terminal in Qingdao in the eastern province of Shandong, Chairman Su Shulin said in August.  [28/09/10]