CNOOC to build 6 storage tanks in Tianjin LNG terminal expansion
CNOOC will start building six liquefied natural gas (LNG) storage tanks by the end of the year as part of a project to expand its Tianjin LNG terminal to help meet surging demand from households in northern China, CNOOC Gas and Power Group said in statement.
The project, including six tanks each with 220,000 cubic metres of storage capacity, 12 gasification units and 12 high pressure pumps, has been approved by CNOOC’s board members, the company said.
The new facilities are expected to start operating in 2022.
CNOOC’s Tianjin terminal is expected to have 7.25 million tonnes of annual LNG processing capacity by 2030, up for 3.21 million tonnes in 2018.
(Reporting by Meng Meng and Aizhu Chen Editing by Joseph Radford)
The US Energy Information Administration (EIA) reported in April that the US set records for natural gas production in 2017.
- Energy Web Atlas
Since market reforms first started in 1978, China has shifted from a centrally planned economy to a market-based economy, experiencing rapid economic and social development.
Russia aims to ally with Qatar in LNG competition with Australia and other LNG-exporting majors over the coming years.
GasPro 2.0: A Webcast Symposium
The global LNG industry is becoming increasingly interconnected as grassroots export projects get off the ground. Another technology route for processing gas into fuels—GTL—is attracting renewed attention due to improving economics. Small-scale solutions for both LNG and GTL are at the forefront of new technological developments, while major projects using more conventional technologies continue to start up around the world.
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October 25, 2018 08:30 AM CDT