China Petroleum Energy Storage

How much natural gas will be stored in China?

In 2018, the Guidance on Energy Work issued by the China National Energy Administration clearly pointed out that 3.5 × 10 10 m 3 of effective working gas will be placed in underground gas storage, and a natural gas reserve system will be established by 2030 .

Which natural gas storage facilities are used in China?

At present, China’s large-scale natural gas storage facilities mainly include depleted reservoirs, salt caverns, and LNG storage tanks. According to international practice, it is only once the storage of working gas reaches about 15% of annual consumption that a safe supply of natural gas can be ensured .

Why does China need a strategic gas storage facility?

China's NGM is highly dependent on external gas markets and countries. Once the major source countries stop supplying natural gas to China, serious energy problems will occur in this country. Therefore, China needs to learn from the experience of developed countries, to strengthen the construction of strategic gas storage facilities.

What is China's energy storage policy?

In 2017, China released its first national policy document on energy storage, which emphasized the need to develop cheaper, safer batteries capable of holding more energy, to further increase the country’s ability to store the power it produces (see ‘China’s battery boost’).

What is the largest gas storage cluster in North China?

Sinopec Puts Largest Gas Storage Cluster in North China into Operation, Providing 10 Billion Cubic Meters of Gas Storage.

Why is underground gas storage important for China's Energy Security?

Therefore, accelerating the construction of underground gas storage is an important strategic demand to ensure China’s energy security. Based on the above analysis, the use of deep underground spaces for large-scale energy storage is one of the main methods for energy storage.