Natural Gas Storage Tender

Scope of WorkTo Build about 1.1 billion cubic metres of Natural Gas Storage in China.DescriptionChina the worlds second-biggest importer of LNG after Japan needs underground gas facilities to address the imbalance between lower gas consumption during the summer and a spike in demand during winter for heating. Towngas will build 10 underground storage facilities with a total capacity of 453 million cubic metres in the first phase by 2023 and 15 more with a total capacity of 701 million cubic metres in a second phase by 2026.The storage facilities which will link the pipelines of state-owned PetroChina and Sinopec will be located in Changzhou city and Yixing city in Jiangsu province in eastern China. The company aims to use imported LNG to supplement its gas storage and has invested in berths in southern and eastern ports in China on the sidelines of a conference declining to provide details on the investment. The company expects to sell 26 bcm of natural gas to city gas customers in China this year up from the 22.5 bcm it sold to customers in 23 cities.