China plans second terminal for sanctioned Russian gas

China is working on establishing a new LNG import terminal for shipments from the Russian Arctic LNG 2 project, which is under sanctions, in order to expand its receiving capacity currently centered at the Beihai terminal. The Longkou terminal in Shandong province is expected to be operational before October to meet winter demand, with a capacity of up to 5 million tons per year, providing an additional outlet for a project producing approximately 19.8 million tons annually. This move is significant for boosting Russian gas exports and facilitating the acceptance of additional shipments from a project facing sanctions and economic challenges.

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