China’s CNPC said on Monday that it will build 23 more gas storage facilities and expand 10 existing ones by 2030, Reuters writes.
- The state energy group will build six regional gas storage centres across China, where the facilities will be located, in the next 12 years, according to a statement published on the company’s website
- The plan was part of China’s efforts to secure supplies of natural gas during peak demand season over winter
- Gas producers and local authorities have been boosting investment and adding new storage following a harsh winter that saw a severe supply squeeze, partly due to storage shortfalls
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