It will be quite some time before China eliminates the use of fossil fuels in its energy mix, as attested by the ongoing construction of huge storage tanks for natural gas in China’s eastern Jiangsu province. China National Offshore Oil Corp., one of the country’s biggest oil and gas producers, is building six giant liquified natural gas storage tanks, proving that China has become one of the few countries in the world that can design and build such large tanks.
The six tanks, each with a volume of 270,000 cubic meters, will be installed in Yancheng, eastern Jiangsu province. It is part of a CNY6.1 billion (USD955.5 million) project that, together with four smaller storage tanks that have already been commissioned, will have a storage capacity of six million tons of LNG a year. Scheduled to start operation in late 2023, it will be the nation’s largest LNG storage base.
