The Project consists of the following parts: (1) Part 1: construction of LNG receiving, storage and regasification facilities Constructing an LNG terminal consisting of: (i) an LNG receiving facility with annual handling capacity of five million tonnes of LNG; (ii) ten LNG storage tanks with a volume of no less than 200,000 cubic meters each; and (iii) a regasification facility with a maximum daily operating capacity of 60 million cubic meters of natural gas. (2) Part 2: construction of unloading wharf Constructing an unloading wharf consisting of: (i) a working platform; (ii) four mooring dolphins; and (iii) six mooring cleats.

The objective of the Project is to increase natural gas emergency supply capacity, reduce reliance on coal and ultimately support low carbon and sustainable development of the local economy.

The Project will be implemented over five years. Beijing Gas Group Co. Ltd. will be the Implementing Agency. Procurement will be conducted in compliance with the national law and regulations, and will meet the core principles of NDB’s Procurement Policy.

The Project is Category “A” in line with NDB’s Environmental and Social Framework (ESF). Major E&S risks include biodiversity impacts to Bohai Bay and Laizhou Bay marine protected resources and benthonic habitat by dredging and constructing the wharf, impacts to Beidagang protected wetland by constructing the gas pipeline, deterioration of marine water quality by dredging and pollutant discharge, as well as land acquisition and temporary land use. These risks and impacts will be mitigated by adherence to country systems E&S requirements and fulfillment of the Project’s environmental and social management plans. In addition, the Project will implement an Environmental and Social Impact Management Plan agreed between NDB and the Implementing Agency to ensure full compliance with country system and NDB’s ESF.