Sinopec’s Qingdao terminal unloads 1st Qatari cargo
State-run Sinopec’s Qingdao terminal in Shandong province has received its first cargo of Qatari LNG, Reuters reported on April 5 citing a statement by Shanghai Petroleum and Natural Gas Exchange.
The 205,000 m3 cargo is part of the 10-year supply deal Sinopec penned with Qatar Petroleum in March last year for annual supplies of 2mn metric tons, or roughly 2.8bn m3, starting this year, Reuters said.
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The work on the next expansion phase of the terminal is underway and is expected to be completed by the end of 2023, doubling capacity to 14mn mt/yr.