State-owned China Oil and Gas Pipeline Network (PipeChina) recently published regasification fees and outlined spare import capacity at six LNG terminals it acquired from Sinopec and CNOOC. The information was made public to ensure transparency and improve third-party access to LNG infrastructure. PipeChina was established in December 2019 and began operations in October this year. The move is also in line with Beijing’s push to make the domestic gas market more open.
According to the announcement, the regasification tariff on the 3 million tons/year Beihai import terminal in Guangxi is the lowest at CNY0.18/cubic metre. Meanwhile, the 4 million tons/year Diefu terminal in Shenzhen has the highest tariff at CNY0.312/cubic metre. Tariffs for the 3 million tons/year Hainan, 2.2 million tons/year Tianjin, 2 million tons/year Yuedong, and 600,000 tons/year Fangchenggang terminals were set at CNY0.26, 0.30, 0.26, and 0.25 per cubic metre, respectively.
PipeChina currently controls eight LNG import terminals. Two of them, the 5 million tons/year Longkou Nanshan and the 3 million tons/year Zhangzhou terminals are still under development. The company is expected to own ten terminals after its subsidiary Kunlun Energy transfer the operational 6 million tons/year Dalian import terminal and the 3 million tons/year Diefu North terminal in Shenzhen which is under construction.
