China Builds New LNG Hub as Russian Imports Surge

AI Summary

China is building a new LNG terminal in Longkou, Shandong province, to receive Russian liquefied natural gas from the Arctic LNG 2 project. The terminal, operated by state-owned PipeChina, is expected to be fully operational by October 2026, reflecting increased Russian gas imports to China.

China is preparing  a second terminal to receive sanctioned Russian liquefied natural gas (LNG), as the country’s gas imports surge. According to an exclusive report by Reuters, the newly built Longkou LNG terminal in eastern China's Shandong province is being lined up to receive LNG from Russia’s $21-billion Arctic LNG 2 project. Operated by the state-owned pipeline monopoly PipeChina, the Longkou terminal has completed its mechanical building phase and is expected to be fully operational before October 2026, just in time to meet…