China, now the leading global LNG importer ahead of Japan, is embarking on extensive plans for additional LNG import terminal construction. The country’s first LNG import terminal was established in Guangdong in 2006. Presently, China operates 28 terminals with a combined capacity of 112.77 million tons annually. China has recently green lit 23 new receiving station projects, which will collectively add a capacity of 86.6 million tons per year. Additionally, 12 expansion projects for existing facilities have been approved, aiming to contribute an extra 44.5 million tons per year by 2025. The expansion aligns with China’s consistent growth in LNG imports, with July witnessing a 24.3% increase compared to the same month the previous year, reaching about 5.86 million tons.
