China’s gas storage reliance grows

Despite technical challenges and slow development times, storage capacity is expanding

China will meet a greater share of its gas requirement through withdrawals from underground gas storage (UGS) this winter. Demand is widely expected to remain subdued during the heating season, which started in November, and combined with forecasts of greater stock draws this means storage will account for a higher percentage of the country's gas supply mix over the colder months than it did a year ago. China injected an estimated 17bn m³ of gas into storage—including both UGS facilities and tanks at LNG regasification terminals—this summer, up by 2.5bn m³ year-on-year, according to data compiled by Petroleum Economist. Given the much quicker turnover of gas in LNG storage tanks, the UGS fac

Welcome to the PE Media Network

PE Media Network publishes Petroleum Economist, Hydrogen Economist and Carbon Economist to form the only genuinely comprehensive intelligence service covering the global energy industry

 

Already registered?
Click here to log in Subscribe now
to get full access Register now
for a free trialAny questions?
Contact us

Comments

Comments

{{ error }}

Add Comment

{{ comment.comment.Name }} Editor • {{ comment.timeAgo }}

{{ comment.comment.Text }}