Yangzijiang Shipbuilding has unveiled plans to turn a former Odfjell terminal in China into the country’s latest LNG import facility.

The Singapore-listed shipbuilder announced the move after taking full control of the Jiangsu Yangzi Jiasheng Terminal in Jiangyin.

Yangzijiang has acquired the 45% stake in the terminal that it did not already own from an unnamed seller for CNY 430m ($62m).