Sinopec: Phase 2 of Tianjin LNG Terminal Approved

China Petrochemical Corp, known as Sinopec, said on Thursday that the second phase of its Tianjin LNG receiving terminal in the north of the country was approved by the Tianjin Development and Reform Commission on Oct. 29.

The terminal, which received its first cargo in February this year, will add five LNG storage tanks in the second phase - each with a capacity of 220,000 cubic meters. Construction is due to begin in March 2019 and be completed in December 2021, Sinopec said.

(Reporting by Tom Daly; Editing by Gopakumar Warrier)