Beijing Energy Investment Holding, Tangshan City Sign LNG Terminal Deal

Beijing Energy Investment Holding has signed an agreement with the Tangshan city authority to build infrastructure which includes a LNG receiving station, gas-fired power plant and energy distribution system, China Petroleum and Chemical Industry Association (CPCIA) said May 24.

The LNG facility will be located at Caofeidian district of Tangshan City, Hebei province. The decision has been taken with the view to replace coal with gas in the Beijing-Tianjin-Hebei region.

Beijing Energy Investment Holding is a large state-owned investment enterprise wholly owned by the Municipal Government of Beijing. It manages investment funds of electric power and energy conservation for the Beijing municipal government, and takes responsibility for investment on and construction of power and energy projects.

PetroChina has an operational LNG facility in the Caofeidian industrial zone.  

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Shardul Sharma