NANJING \u2014 A subsidiary of China National Offshore Oil Corporation (CNOOC) has completed the construction of China\u2019s largest LNG storage base, a move that aims to ensure energy security and support green growth in the Yangtze River economic belt.<\/p>\n
The base in the city of Yancheng, East China\u2019s Jiangsu province, has a group of gas tanks with a combined LNG storage capacity of 2.5 million cubic meters, the company said.<\/p>\n
It has four tanks each with a storage capacity of 220,000 cubic meters and six larger tanks each with a storage capacity of 270,000 cubic meters.<\/p>\n
Li Feng, vice-president of CNOOC Gas and Power Group, said the base is connected to the country\u2019s major gas pipelines and provides supplies to provinces including Jiangsu, Henan, Anhui and Shandong.<\/p>\n
Once fully operational, the base will have the capacity to process up to six million tonnes of LNG annually, equivalent to 8.5 billion cubic meters of natural gas.<\/p>\n
This volume is enough to sustain residential gas needs in Jiangsu Province, which has a permanent population of about 85 million, for about 28 months.<\/p>\n