Qatargas delivers commissioning LNG cargo to China’s newest Jiangsu-Binhai terminal

Qatargas delivers commissioning LNG cargo to China’s newest Jiangsu-Binhai terminal

Qatargas has delivered a commissioning liquefied natural gas (LNG) cargo to China’s newest liquefied natural gas terminal- Jiangsu-Binhai LNG terminal, owned and operated by China National Offshore Oil Corporation (CNOOC).

The cargo was loaded in Ras Laffan on September 10 on the 216,000 cubic metre Q-Flex LNG vessel, ‘Al Ghashamiya’ which arrived at the Jiangsu-Binhai terminal on September 26.

The Jiangsu-Binhai terminal is located on the east coast of China. It has a nominal capacity of 3mn tonnes of LNG per year (MTPY) and can receive vessels with a capacity of between 80,000 cubic metres and 266,000 cubic metres.

The terminal comprises four storage tanks each, with an overall capacity of 880,000 cubic metres, with further expansions planned.

Qatargas has established a strong partnership with China since 2009 and has delivered almost 900 LNG cargoes to China so far under its various long-term sales and purchase agreements, which include significant volumes of short term and spot LNG.

State-owned CNOOC is the largest LNG importer in China and in 2021; one of its subsidiaries signed a 15-year sale and purchase agreement (SPA) with Qatargas for the supply of 3.5 MTPY of LNG.

In 2022, Qatar supplied approximately 22% of China’s LNG