National energy gas storage

Is there a shortage of natural gas storage facilities in China?

Fourthly, there was a serious shortage of natural gas storage facilities. Only thirteen UGS reservoirs were available in China, with a total capacity of 7.7 × 109 m³. The gas storage capacity of these reservoirs only took 3.2% of the total NGC in China.

Why is China expanding natural gas storage capabilities?

China is expanding natural gas storage capabilities to ensure a reliable and sustainable energy future as part of its "carbon peaking and neutrality" strategy. It plans to establish six major gas storage centers across the country, with a total of 50 gas storage facilities and an estimated working gas volume exceeding 100 billion cubic meters.

Does China have enough natural gas storage capacity?

In recent years, China has made great progress in the UGS construction, but compared with the rapid growth of natural gas demand, the current gas storage capacity is far from being enough. Up to now, the peak-shaving capacity of the existing UGS in China only accounts for only 3.2% of the total NGC .

How will China improve natural gas storage capacity in 2020?

In 2020, the country issued a guideline on further beefing up the infrastructure construction and storage capacity of natural gas to promote stable and sound development of the sector. China Oil & Gas Piping Network Corporation (PipeChina) is leading the charge in building and operating gas storage to support China's energy goals.

Why does China need a strategic gas storage facility?

China's NGM is highly dependent on external gas markets and countries. Once the major source countries stop supplying natural gas to China, serious energy problems will occur in this country. Therefore, China needs to learn from the experience of developed countries, to strengthen the construction of strategic gas storage facilities.

Where is the largest natural gas storage cluster in China?

With gas injected in the newly built Wei 11 natural gas storage cluster in Puyang, Central China's Henan Province on Monday, the Zhongyuan gas storage group, the largest gas storage cluster in northern China, officially began operation, China Petroleum & Chemical Corp (Sinopec) told the Global Times on Monday.