China's Largest LNG reserve base put into operation

(ECNS) -- China's largest liquefied natural gas (LNG) reserve base was put into operation on Monday, with a LNG carrier unloading the first shipment at Yancheng Green Energy Port of CNOOC in east China’s Jiangsu Province.

The 210,000-cubic-meter LNG carrier from Qatar traveled 6,000 nautical miles and arrived at the port after 16 days. The liquefied natural gas on board was then transported to the No. 3 storage tank.

It is the first 220,000-cubic-meter LNG storage tank officially put into use in China. The 210,000 cubic meters of LNG would turn to 130 million cubic meters after gasification, which could be used by 6.5 million households for one month.

The Yancheng Green Energy Port of CNOOC is a key planning project for the development of China’s natural gas production, supply, storage and marketing system.

It is the largest LNG storage base in China, with 10 large-scale LNG storage tanks built in the first phase with a total tank capacity of 2.5 million cubic meters, including four 220,000-cubic-meter, and six 270,000-cubic-meter storage tanks.

Supposing the annual processing capacity is 6 million tons, it can reduce carbon dioxide emissions by 37.64 million tons and nitrogen oxides by 668,000 tons each year, which is equivalent to planting 80 million trees.

Data provided by CNOOC revealed that by the end of 2021, China had built 22 coastal LNG receiving stations with a total capacity of 92.27 million tons per year. Among them, 16 new receiving stations have been built in the past decade, with an annual new receiving capacity of 59.17 million tons, a compound growth rate of 10.8 percent, registering the largest construction scale in the world.