LINE

Text:AAAPrint
Economy

PetroChina plans more underground gas storage facilities

1
2018-05-30 16:43:11Xinhua Editor : Mo Hong'e ECNS App Download

Construction will start on two more underground gas storage facilities in southwest China's Chongqing Municipality by the end of this year, PetroChina Southwest Oil & Gas Field Company said Wednesday.

The total cost of the Tongluoxia and Huangcaoxia facilities will be 5.3 billion yuan (830 million U.S. dollars) and they will be completed by 2022, ensuring an annual supply of 1.28 billion cubic meters of gas.

Underground gas storage facilities are used to level off daily gas consumption fluctuations and meet peak demand in winter. China has around 25 such facilities nationwide.

Chongqing has stable geological structure and makes an ideal location to store gas underground, said Wen Ming, assistant general manager of PetroChina Southwest Oil & Gas Field Company.

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.