Sinopec Developing Second Gas Storage Facility

Chinese energy giant Sinopec, is developing a second natural gas storage facility, with a capacity of 10.42 billion cubic meters, at the onshore Zhongyuan block in China, Platts reported citing a statement on company website.

According to the company National Development and Reform Commission has already approved the results of the feasibility study for the Wen-23 gas storage project, Platts said.

Sinopec started its first gas storage facility, the Wen-96 project, in September last year.

The company said the Wen 96 project has accumulated 232 million cu m of gas to date, and is expected to store a further 60 million cu m over the coming winter and spring seasons, Platts reported. The project has storage capacity of 588 million cu m and stores gas from the Wen 96 gas field in the Zhongyuan block.

The two projects are part of previously announced plans to develop more than 20 gas storage facilities to help ease shortages during peak demand periods, Platts said.

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