Energy

CNPC finishes early-stage huge gas storage plan

(Agencies)
Updated: 2010-04-20 10:36
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BEIJING: State-owned CNPC has completed some early-stage construction of China's largest underground natural gas storage project in northern Shaanxi province, a company newspaper reported on Monday.

China suffered a serious gas shortage during the past winter as demand surged while supply was curbed, partly by insufficient storage capacity.

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CNPC, parent of PetroChina, decided to build the Changqing Oilfield Natural Gas Storage Project that would have storage capacity of 12 billion cubic metres, or fourfold China's largest storage facility in use.

Xi'an Changqing Technology Engineering Co Ltd, a unit of CNPC, has compiled the concept design of the project, and early-stage assessment as well as gas injection and extraction plans for two gas storage sites, China Petroleum Daily said.

The report did not provide a time frame for the project, nor did it mention possible investment to be involved.
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