China’s largest liquefied natural gas (LNG) reserve, located in Jiangsu province, achieved a cumulative unloading volume exceeding 3.5 billion cubic metres during its first year of operation, with a design load utilisation rate of over 80 percent, said its operator China National Offshore Oil Corp (CNOOC) on Wednesday, reports china daily.
Highest utilization rate
This sets a record for the highest load utilisation rate in the first year of operation for domestic LNG receiving terminals, this ensures the stable supply of natural gas in the East China region, therefore making it an important source of gas to it said.
Features
Located in the Binhai Industrial Park of Yancheng, Jiangsu province, the base includes four 220,000-cubic-metre storage tanks and six of the world’s largest 270,000-cubic-metre storage tanks, with a combined capacity of 2.5 million cubic metres. It is the largest LNG storage base in the whole of China.
Since its start of operation last year, the base has unloaded a total of 36 shipments of imported LNG, setting a record for the highest number of annual unloads. This has also ensured the natural gas and power supply needs for millions of households, it said.
All ten storage tanks have been designed and constructed using CNOOC’s proprietary core technology for ultra-large liquefied natural gas storage tanks, with breakthroughs in several key technologies. This has positioned China at the forefront of the world in terms of design, construction technology, and project management capabilities for ultra-large liquefied natural gas storage tanks, said CNOOC.
