Located in Shandong in China, the Qingdao regasification terminal is operated by Sinopec Qingdao LNG. The terminal started operations in 2014 and is owned by China Petrochemical.
With a storage capacity of 0.44 million tons (Mt), the Qingdao terminal currently has a regasification capacity of 340.9bcf/annum (billion cubic feet), which is expected to increase to 681.8bcf/annum by 2030.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Qingdao regasification terminal is undergoing expansion, which will increase its capacity by 340.9bcf/annum.
During the period 2021-2025, the Qingdao regasification terminal is expected to witness an estimated capex of $990.55m.
Contractors involved in the regasification plant
Some of the key contractors for the upcoming expansion at the Qingdao regasification terminal include the following.
Main EPC: China Petrochemical.
Methodology
Information on the terminal is sourced from GlobalData’s LNG regasification database that provides detailed information on all active and upcoming, large – scale LNG regasification terminals globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
