Yangshan port achieves significant milestone with 2 million ton of LNG imports

Time:2023-08-15 15:03:46      Source:Globaltimes.com
As 64,000 tons of liquefied natural gas (LNG) were recently unloaded at the Yangshan Port’s LNG terminal in Shanghai, the port has received and unloaded a total of 2 million tons of LNG so far this year, underscoring the port’s crucial role in ensuring stable clean energy supplies for the megacity.
 
Yangshan Port, located near Hangzhou Bay south of Shanghai, is formed by dozens of small islands. It is China's first port constructed on islands and is also Shanghai’s closest deep-water harbor.
 
According to authorities at Yangshan Port, a total of 68 LNG carriers were inspected and allowed entrance so far this year. Most of them followed fixed international routes, providing Shanghai with a stable LNG supply and transforming Yangshan LNG port into the lifeline of Shanghai's clean energy consumption. LNG imports through Yangshan port account for more than 50 percent of Shanghai’s total LNG supply, or 75 percent during peak seasons.
 
For example, the Shenhai, an LNG carrier, transported 16 million tons of LNG through the 248 round trips it made between Malaysia and Shanghai's Yangshan Port since it began operation in 2012.
 
In line with a national trend, Shanghai’s demand for clean energy has risen rapidly alongside urban development and the promotion of "double carbon" goals. On July 15, Shanghai released a clean air activities plan (2023-2025) to further improve the city's air quality.
 
To transition to green energy, Shanghai plans to limit coal consumption and enhance supply security for LNG. By 2025, the annual natural gas supply is projected to reach 13.7 billion metric cubic meters.
 
The plan also mentions encouraging the green upgrade of oil-fueled boilers. The construction of new and expanded boilers should prioritize electricity, natural gas, and other clean energy sources.
 
To promote the construction of ecological civilization and achieve the double zero carbon goals, China is dedicated to clean energy development. Renewable energy capacity has surpassed coal power and now accounts for 48.8 percent of the total capacity, according to official data. The first set of guidelines for the standards of the hydrogen industry chain was released on August 8th. 
Index RMB/t DoD Basis Date
Datong 5500 700 0 ex-mine 05-04
Shuozhou 5200 680 0 FOR 05-04
Ordos 5500 700 0 ex-mine 05-04
Yulin 6200 780 0 ex-mine 05-04
Liulin Low-sulphur 900 0 ex-mine 05-04
Gujiao Low-sulphur 1770 -50 FOR 05-04
Xingtai Low-sulphur 2360 0 ex-Factory 05-04
Yangquan PCI 1280 -30 FOR 05-04
Index RMB/t WoW WoW% Date
Qinhuangdao 507.0 1.0 0.20 05-04
Caofeidian 541.0 9.0 1.69 05-04
Huanghua 216.9 12.4 6.06 05-04
Guangzhou 291.2 3.0 1.04 04-27
coastal 6PPs 1629.8 44.7 2.82 07-02
North Ports 2697.8 53.0 2.00 02-01
Yangtze River delta 1242.5 -74.7 -5.67 02-01
South Ports 2233.4 -216.0 -8.82 02-01
中国煤炭市场��?