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CNPC to build 23 more gas storage facilities by 2030

Gasoil News - Published on Wed, 16 Jan 2019

Image Source: ET EnergyWorld
Reuters reported that China's CNPC said that it will build 23 more gas storage facilities and expand 10 existing ones by 2030. The state energy group will build six regional gas storage centres across China, where the facilities will be located, in the next 12 years

The plan is part of China's efforts to secure supplies of natural gas during peak demand season over winter. Gas producers and local authorities have been boosting investment and adding new storage following a harsh winter that saw a severe supply squeeze, partly due to storage shortfalls.

Source :

Posted By : Joykumar Irom on Wed, 16 Jan 2019
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