TEDA Signs Agreement with Sinopec Natural Gas for the Second Phase
TEDA signed an investment cooperation agreement with Sinopec Natural Gas Co., Ltd. on Sinopec Tianjin LNG expansion project (the second phase). The second phase will be constructed within the land gained in the first phase, with an investment of 5.7 billion yuan. The annual LNG terminal storage capacity is expected to reach 10.8 million tonnes, and the annual supply capacity will be 13.6 billion cubic meters upon completion.
Sinopec Tianjin LNG Co., Ltd. has invested and constructed the first phase of Sinopec Tianjin LNG wharf and terminal project in Nangang Industrial Zone. The signing of the agreement affirms the previous partnership and accomplishments made by the two parties, and lays a solid foundation for the new round of all-round and in-depth cooperation.