Yangkou Port is a natural deep-sea harbour on Jiangsu’s eastern coast, near the mouth of the Yangtze River. It is poised to become a major trans-shipment hub specializing in bulk cargo and a large-scale petrochemical industrial and logistics zone.

Yangkou Port was built and developed by PYI. The project comprises mainly a harbour-front industrial and logistics park of 30 sq km, a 13 km Yellow Sea Crossing and a 1.4 sq km man-made island connected to 29 berths. The port declared soft open in October 2008.

Embankment works for the reclamation of about 4.6 sq km out of the final 16.7 sq km harbour-front industrial land bank has been completed. Highways, railway, canal and other connecting infrastructure and utility associated with Yangkou Port are being developed concurrently.

PetroChina’s LNG facilities have commenced commercial operations in May 2011, which will become one of the major sources of LNG supply for Eastern China.

In May 2011, PYI disposed 50.1% interest in Yangkou Port to further crystallize the value of our investment in Yangkou Port. Upon completion, PYI’s equity interest in Yangkou Port decreased from 60% to 9.9%.