China approves new LNG receiving terminal in Fujian province

SINGAPORE: China’s state economic planner has approved natural gas company Hanas Group’s plan to build a receiving terminal for liquefied natural gas (LNG) in the southeastern province of Fujian.

The terminal, estimated to cost 5.26 billion yuan ($829.8 million), will have an annual receiving capacity of 5.65 million tonnes of the super-chilled fuel, the National Development and Reform Commission (NDRC) said on Wednesday.