China Petroleum & Chemical will operate the upcoming Zhoushan III LNG regasification terminal, proposed to be built in Zhejiang in China. According to GlobalData, who tracks more than 1,100 active and developing LNG terminals worldwide, the terminal is expected to start operations in 2026 and will be owned by China Petrochemical and others. Buy the profile here.
The Zhoushan III LNG regasification terminal has a proposed regasification capacity of 340.9bcf/annum (billion cubic feet) and storage capacity of 0.4 million tons (Mt).
Subsequent expansion at the Zhoushan III regasification terminal will increase its capacity by 389.6bcf/annum.
During the period 2021-2025, the Zhoushan III regasification terminal is expected to witness an estimated capex of $1,097.4m.
About China Petroleum & Chemical
China Petroleum & Chemical Corp (Sinopec), a subsidiary of China Petrochemical Corporation, is a vertically integrated energy and chemical company. It operates in the oil and gas exploration and production, extraction and marketing; oil refining; and production, marketing, storage and transportation of petrochemicals, chemical fibers, chemical fertilizers and other chemical products. The company also undertakes import and export agency business of crude oil, natural gas, refined oil products, petrochemicals, chemicals, and other commodities and technologies. Its product portfolio includes refined oil products such as gasoline, diesel and jet fuel; and petrochemical products that include synthetic resin, synthetic fiber monomers and polymers, chemical fertilizer and petrochemical intermediates. Sinopec is headquartered in Beijing, China.
For more details on the Zhoushan III LNG Regasification Terminal, buy the profile here.