STATEMENT: China's largest LNG storage tank, 270,000 cubic meters, now in operation

QINGDAO, China, Nov.

STATEMENT: China's largest LNG storage tank, 270,000 cubic meters, now in operation

QINGDAO, China, Nov. 3, 2023/PRNewswire/ -- China Petroleum

The mega LNG storage tank, independently designed, developed and constructed by Sinopec, has a diameter of 100.6 meters and a height of 55 meters, a key project of phase III construction of Sinopec Qingdao LNG Receiving Terminal. The 270,000 cubic meter tank adopted 17 patented technologies with independent intellectual property, the main structure was completed in only 18 months and is in full service in 27 months.

In the construction process, Sinopec has localized the applications of more than 20 core equipment which significantly reduced procurement costs and increased the tank localization level to 95 percent, the highest in China.

On the same day, Sinopec's Tianjin LNG receiving terminal completed phase II construction with three 220,000 cubic meter storage tanks entering full service, adding more than 400 million cubic meters of gas storage capacity. natural to bring the total storage capacity of the Tianjin terminal to 1.08 billion cubic meters, the largest in China. Sinopec's two LNG terminals in Qingdao and Tianjin, with seven and nine storage tanks respectively, have a total of 1.68 billion cubic meters of storage capacity, further ensuring the supply of resources in the winter season.

Sinopec has continued to expand natural gas storage capacity following a strategic plan that covers the entire scope of production, supply, storage and sales; The group now has around 5 billion cubic meters of LNG storage capacity. Sinopec has built 12 natural gas storage tanks, including Zhongyuan Group, Jintan, Wen 96 and Jianghan Yanxue, while it is also expanding LNG receiving terminals in Tianjin and Qingdao.

Looking ahead, Sinopec aims to build more natural gas storage tanks and LNG receiving terminals in China to further strengthen natural gas storage and peak gas consumption adjustment capabilities and expand LNG storage capacities during your 5 year plan.

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