PR Newswire
03 Nov 2023, 16:33 GMT+10
![]() |
QINGDAO, China, Nov. 3, 2023 /PRNewswire/ -- China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") has officially put China's first and also the world's largest LNG storage tank of 270,000 cubic meters into service on November 2 at its Qingdao LNG Receiving Terminal. The tank will add 165 million cubic meters of storage capacity to meet the gas demand of 2.16 million households for five months during the winter heating season, which will enhance and guarantee the natural gas supply in North China.
The mega LNG storage tank, independently designed, developed and built by Sinopec, has a diameter of 100.6 meters and a height of 55 meters, a key project of Sinopec Qingdao LNG Receiving Termina's phase III construction. The 270,000-cubic-meter tank adopted 17 patented technologies with independent intellectual property, the main structure was completed in only 18 months and it's in full service within 27 months.
In the construction process, Sinopec has localized the applications of over 20 core equipment that significantly reduced procurement costs and boosted the localization level of the tank to 95 percent, the highest in China.
On the same day, Sinopec's Tianjin LNG Receiving Terminal completed the phase II construction with three 220,000-cubic-meter storage tanks coming into full service, adding over 400 million cubic meters of natural gas storing capacity to bring the total storage capacity of Tianjin terminal to 1.08 billion cubic meters, the largest in China. Sinopec's two LNG terminals in Qingdao and Tianjin, with seven and nine storage tanks respectively, have a total of 1.68 billion cubic meters of storage capacity, further guaranteeing the supply of resources in the winter season.
Sinopec has continued to expand the natural gas storage capacity following a strategic plan covering the full scope of production, supply, storage, and sales, the group now has about 5 billion cubic meters of LNG storage capacity. Sinopec has built 12 natural gas storage depots including the Zhongyuan cluster, Jintan, Wen 96, and Jianghan Yanxue, while it's also expanding the LNG receiving terminals in Tianjin and Qingdao.
Looking ahead, Sinopec aims to build more natural gas storage depots and LNG receiving terminals in China to further strengthen the natural gas storage and peak gas consumption adjustment capabilities and expand LNG storage capacities during its 5-year plan.
Get a daily dose of Malaysia Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Malaysia Sun.
More InformationBANGKOK, Thailand: This week, Thailand implemented land border restrictions, including a ban on tourists traveling to Cambodia, as...
VIENTIANE, July 1 (Xinhua) -- As the rainy season begins, people across Laos celebrate the annual Rocket Festival with cheers and rockets...
Chinese brands like Mixue, CHAGEE, Luckin Coffee, and Pop Mart -- known for its blind box collectibles -- are captivating global markets,...
PHNOM PENH, July 1 (Xinhua) -- Several gecko species found during a series of surveys in unexplored limestone hills in western Cambodia's...
COLOMBO, July 1 (Xinhua) -- China is sharing new development opportunities with South Asian countries and is committed to achieving...
New York [US], July 1 (ANI): External Affairs Minister S Jaishankar on Monday (US local time) inaugurated an exhibition at the United...
LONDON, U.K.: British oil giant Shell has denied reports that it is in talks to acquire rival oil company BP. The Wall Street Journal...
NEW YORK, New York - U.S. stock markets closed firmly in positive territory to start the week Monday, with the S&P 500 and Dow Jones...
WASHINGTON, D.C.: On Friday, President Donald Trump announced that he was halting trade discussions with Canada due to its decision...
LONDON, U.K.: A little-known investment fund based in the United Arab Emirates has emerged as the most prominent public backer of U.S....
SAN FRANCISCO, California: Across the U.S., a growing number of people are taking obesity treatment into their own hands — literally....
SAN FRANCISCO, California: Under pressure from European regulators, Apple has revamped its App Store policies in the EU, introducing...