Chinese state energy giant Sinopec group has unveiled plans to more than double its receiving capacity of liquified natural gas (LNG) over the next six years and boost domestic output of shale gas by over 60% by the end of the decade, Reuters reports.
In line with China’s recent commitment to a greener national energy policy, Sinopec aims for clean fuel to make up half its total energy supply by 2023. By this year the company will have a capacity of some 60 billion cubic meters (bcm), compared with the 27 bcm it held in 2017.
Sinopec will also build new infrastructure to facilitate the higher capacity, building terminals capable of receiving 17 million more tonnes of LNG along China’s east coast.