PetroChina Expands Receiving Capacity At LNG Terminals -- November 8, 2016

As you read this story, remember four things:

• the US has a lot of natural gas
• the US is building a lot of LNG export terminals
• the US allows LNG exports
• China's appetite for LNG is growing

Data points from Reuters/Rigzone:

• PetroChina is one of the larger Chinese oil and gas firms
• PetroChina has three LNG receiving terminals
• it is adding new storage tanks for LNG at two of those terminals 
• one of the sites, Rudong: this is part of a second-phase expansion; will bring handling capacity up to 6.5 million tonnes/year; up from 3.5 million tonnes previously
• at the second site, Dalian: will double its receiving capacity there to 6 million tonnes/year
• PetroChina is raising its natural gas supply this winter by 7% year-over-year
• most of that increase is domestically produced; a "moderate" amount will be due to imports