Sinopec Must Build Regas Facilities to Meets ifs Gas Use Goals by 2020 (10% of Energy Use)
APRIL 2, 2018 / 6:14 AM / UPDATED 5 HOURS AGO UPDATE 1-China's Sinopec to more than double LNG capacity, boost shale gas output Reuters Staff China Terminals scott shields katy houston texas 3 MIN READ (Adds comments by company officials) By Chen Aizhu and Meng Meng BEIJING, April 2 (Reuters) - China’s Sinopec group, parent of Sinopec Corp, aims to more than double its receiving capacity of liquefied natural gas over the next six years and lift domestic shale gas production by two thirds by 2020. The plans are part of the state energy firm’s efforts for clean fuel production to account for half of its total energy supply by 2023. Sinopec will have 60 billion cubic meters (bcm) of natural gas supply capacity, which includes both imports and domestic production, by 2023, the group said on Monday. It produced 27 bcm of gas in 2017. The group plans to add new receiving facilities for imported LNG along China’s east coast to a total of 26 million tonnes annually by 2