PipeChina said that the Hainan Liquefied Natural Gas (LNG) Phase II project, China's major oil and gas infrastructure, completed the dome air raising operation of No. 3 storage tank, weighing 821 tonnes, marking a significant phased milestone for the project, according to CCTV.The Phase I project of the Hainan LNG receiving terminal has completed and commenced operation of two 160,000-cubic-meter LNG storage tanks. Related NewsImports YoY for Apr in China is 25.3%, lower than the previous value of 27.8%. The forecast was 15.2%.The Phase II project will construct three new 220,000-cubic-meter prestressed concrete full containment LNG storage tanks. Currently, overall progress of the Phase II project is nearly halfway complete and is expected to be fully completed in 2027.
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