BP delivers first LNG cargo to Zhejiang Energy’s Wenzhou terminal

According to a statement by BP China, the shipment arrived at the Wenzhou LNG terminal on October 7.

BP China did not provide further details regarding the shipment.

BP has created a fully integrated gas value chain in southern China for the second time, directly connecting upstream resources with downstream gas customers, the company said.

Also, this move further boosts BP’s cooperation with Zheijiang Energy.

In July, the two firms, via their joint venture Zhejiang Yingneng LNG, started supplying LNG via trucks from Zhejiang Energy’s Wenzhou LNG terminal.

The trucked LNG supplies are used by industrial and commercial users.

Last year, BP China and Zhejiang Energy agreed to establish a company to supply and sell LNG via trucks.

BP China said this is the first cooperation between the two firms and BP’s third marketing and sales venture in China for trucked LNG, including Shenzhen Dapeng LNG Marketing.

In 2021, BP started directly supplying customers in China with regasified LNG from the Guangdong Dapeng LNG terminal in Shenzhen, where it owns a 30 percent stake.

Zhejiang Energy launched its 3 mtpa Wenzhou LNG terminal in August last year.

The terminal has four 200,000 cbm storage tanks, a jetty for ships of up to 266,000 cbm capacity, a truck loading facility, and a 25km pipeline linked to the grid.

According to GIIGNL data, Zhejiang Energy holds a 51 percent stake in the terminal, while Sinopec holds a 41 percent stake.

Image: Zhejiang Energy

Zheijang Energy said in a separate statement on its website that it has recently raised roofs on two LNG storage tanks at its Liuheng LNG terminal in Zhejiang.

The operation of lifting the roofs using air pressure on the second and third LNG tank took place on September 9.

The firm said it now plans to lift the roofs on the first and the fourth tank.

Zhejiang Energy is building four 220,000-cbm LNG tanks and associated facilities.

Upon completion, the project will increase the capacity of natural gas supply by 8.4 billion cubic meters per year, ensuring stable supply of natural gas in the Zhejiang province and neighboring regions, the company said.

Source: Lngprime.com

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