China NOCs and distributors pass buck on gas storage

China’s upstream and downstream gas companies disagree over who should bear the brunt of building storage capacity China’s upstream and downstream gas companies disagree over who should bear the brunt of building storage capacity.
By Tang Tian 8 November 2017 0 28286
Gas storage tanks in China. Gas storage tanks in China. (Beijing Gas Group)

China’s upstream gas suppliers and downstream gas distributors continue to drag their feet on building storage facilities despite renewed calls for action by the government.

Chinese gas companies have been slow to develop storage, despite policy guidance in 2014 that they should have storage capacity equivalent to 10% of their contracted gas volumes by 2020.

Last month, the National Development and Reform Commission (NDRC) reiterated the guidelines and ordered NOCs and gas distributors to report back on their existing storage facilities and plans for building...

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