China National Offshore Oil Company, or CNOOC, said it aims to complete by the end of 2023 a project to install the world’s largest storage tanks at a liquefied natural gas (LNG) receiving terminal that is being built in the east of the country.
CNOOC, one of China’s largest LNG importers, completed the foundations for six giant LNG storage tanks of 270,000 cubic meters each on Sunday, CNOOC’s gas and power group said on its official Wechat account, calling these tanks as the largest of its kind.
Once the project is completed, it will have the capacity to receive 6 million tons of LNG per year.
The tanks, which are part of the new import facility that CNOOC is building at the port of Yancheng in Jiangsu province, add to the four 220,000-cubic-meter tanks previously built at the same site, which should be able to receive three million tons per year from mid-2022.
State-owned energy company PetroChina and private gas company Guanghui Energy each operate an LNG facility in Jiangsu, China’s second-largest gas-consuming province after southern Guangdong.
China is the world’s largest importer of LNG.