China to Launch New Import Terminal to Receive LNG From Exxon

Guangdong Energy Group of China is set to launch next week commercial operations at a new LNG import terminal, which U.S. supermajor ExxonMobil can use under a long-term agreement, Reuters reported on Thursday, citing industry sources. The LNG receiving terminal in Huizhou in the province of Guangdong, southern China, has the capacity to handle 4 million metric tons of LNG per year and cost $1 billion to complete.

The LNG import site has already received its first LNG cargo. A shipment from the United Arab Emirates (UAE) arrived in August in a…