CNOOC launches China’s largest LNG storage base

China National Offshore Oil Company (CNOOC) has launched what it says is China’s largest LNG storage base at its Binhai LNG import terminal in Jiangsu.

According to a statement by CNOOC Gas & Power, six LNG storage tanks each with the capacity of 270,000 cubic meters at the “Yancheng Green Energy Port” were completed on June 30.

This marked the completion of China’s largest LNG storage tanks, it said.

The tanks are about 65 meters high and have 100.6 meters in diameter.

CNOOC says launches China's largest LNG storage base
Image: CNOOC Gas & Power

In April, CNOOC’s unit completed perlite filling of the giant tanks, while in January it completed hydro testing of the tanks.

Huge LNG storage capacity expansion

The state-owned energy giant built the tanks under the Phase I expansion project.

These are world’s largest onshore LNG storage tanks, such as the operational tank at Sinopec’s Qingdao LNG import terminal and the five tanks at CNOOC’s Zhuhai LNG import terminal.

The six tanks at CNOOC’s LNG terminal located in Yancheng Binhai Port Industrial Park add to the already four existing tanks with a capacity of 220,000 cbm.

CNOOC Gas & Power says the total capacity of 2.5 million cubic meters can satisfy gas consumption of 10 million households for 8 months.

CNOOC says launches China's largest LNG storage base
Image: CNOOC Gas & Power

Besides this expansion, CNOOC is expanding its facilities in Ningbo and Zhuhai with in total 11 storage tanks with a capacity of 270,000 cubic meters, it said.

Following completion of these projects, the total LNG tank capacity of CNOOC will reach 8,510,000 cubic meters, it said.

CNOOC’s unit noted that China’s LNG industry has developed rapidly in recent years.

Since the completion of the first domestic LNG receiving terminal in 2006, 28 LNG receiving terminals have been built in China, with an annual receiving capacity of more than 116 million tons, ranking among the top in the world, it said.

China is the world’s largest LNG importer and the country imported 32.42 million tonnes of LNG during January-May this year, a rise of 18.1 percent year-on-year, according to customs data.

Most Popular

ExxonMobil CEO expects Golden Pass LNG launch by end of this year

ExxonMobil CEO Darren Woods expects the QatarEnergy-led Golden Pass LNG export project in Texas to produce first LNG volumes by the end of this year. Separately, Golden Pass LNG is also seeking approval from the US FERC to increase peak workforce up to 10,300.

Apollo to buy HitecVision’s Hav Energy

US asset manager Apollo has agreed to acquire HitecVision's Hav Energy, which co-owns a portfolio of 10 newbuild LNG carriers.

Brunei LNG, PetroChina ink SPA

LNG producer Brunei LNG has signed a sales and purchase agreement with a unit of PetroChina.

More News Like This

GECF says March LNG imports jump

Global liquefied natural gas (LNG) imports jumped by 8.4 percent year-on-year in March, boosted by higher imports in Europe, the Gas Exporting Countries Forum said in its latest report.

China’s March LNG imports dip

China reported a 24.5 percent drop in its LNG imports in March, while its pipeline gas imports increased by 2 percent compared to the same month last year.

China’s gas imports down in March

China's natural gas imports, including pipeline gas and LNG, dropped by 14.9 percent last month compared to March 2024, according to customs data.

Hudong-Zhonghua launches LNG carrier

Chinese shipbuilder Hudong-Zhonghua has launched one 174,000-cbm liquefied natural gas (LNG) carrier it is building for NYK and CNOOC.