Beijing Gas Tianjin Nangang LNG Bonded Warehouse Officially Opens

Recently, a carrier vessel loaded with 78,500 tonnes of imported liquefied natural gas berthed at the Beijing Gas Group Tianjin Nangang LNG Terminal (BGG terminal). Under the on-site supervision of Tianjin Dagang Customs, the cargo was transferred through a dedicated pipeline into a 200,000-cubic-metre bonded storage tank at the terminal. This marks the official launch of the second LNG bonded warehouse in the Beijing-Tianjin-Hebei region. With the new facility, Tianjin has formed the first dual bonded-warehouse LNG supply pattern in northern China, which will significantly enhance the region’s capacity to allocate LNG resources for local enterprises, attracting more investors to carry out diversified LNG businesses in Nangang Industrial Zone, and propelling Tianjin’s high-quality development and high-standard opening to a new level.

The BGG terminal in Nangang currently operates ten LNG storage tanks that primarily secure natural gas supply for Beijing-Tianjin-Hebei region. One of the 200,000-cubic-metre tanks has now been upgraded into a bonded warehouse to address low tank utilization rate during the summer season, easing seasonal supply-demand imbalances.

LNG bonded warehouse is an “international energy transfer station” under customs supervision. Unlike traditional LNG import trades, which require downstream buyers to be confirmed in advance, bonded LNG can be stored first and allocated later, allowing companies to choose target markets flexibly according to price differences between domestic and international markets and thus to achieve “buying globally and selling flexibly”.