Zhoushan terminal to fuel LNG sector

The first LNG receiving terminal funded by a domestic private enterprise will start construction of its submarine pipelines this year in Zhejiang province, and upon completion, it will reach an annual handling capacity of 3 million metric tons in 2020, said CEO of ENN Group.

"Construction of the offshore pipelines of the Zhoushan LNG receiving terminal will start this year. The first phase of the receiving terminal has a handling capacity of 3 million tons, and will expand to 10 million tons in 2022," said ENN Chief Executive Officer Zhang Yesheng.

According to Zhang, since last October when the first-phase receiving terminal started operation, more than 300,000 tons of LNG have been received. The project could better serve as the gateway for linking China's gas market and overseas supplies upon completion.