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Landbridge to construct LNG receiving terminal at Rizhao

Shandong Landbridge Group has entered into an agreement with Beijing Energy Group to jointly develop a LNG receiving terminal at Landbrige Port in Rizhao.

Under the agreement, the two parties will invest RMB6.7bn ($973m) in total for the construction of the terminal, which will have a designed handling capacity of 5m tons of LNG annually. Additionally, the two companies plan to join their efforts to develop overseas energy projects.

Landbridge Group is a diversified multisector group specialising in port infrastructure, logistics, oil and gas and shipping. The company announced a plan last month to list Landbridge Port, the largest private port in China, on a stock exchange.

Landbridge Group has been actively expanding its overseas footprints in the recent years, having acquired Australian natural gas producer Westside Corporation in 2014.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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