China’s Binhai LNG terminal uses $500m AIIB loan
The terminal will have 10 storage tanks to help safeguard the energy security of one of China’s most important economic regions. By building up its LNG storage capacity, China would be better placed to leverage on arbitrage between price differences in Asia and Europe
A new receiving terminal in the Binhai district, estimated to cost $1.9bn, is expected to buffer China against gas shortfalls
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