Companies & Finance

China’s NOCs sketch out supply plans for next winter

China’s top gas suppliers have pledged to be better prepared to meet peak gas demand next winter after having been short on supply in recent weeks China’s top gas suppliers have pledged to be better prepared to meet peak gas demand next winter after having been short on supply in recent weeks.
By Tang Tian 9 January 2018 0 29010
Yangchuan LNG plant, China A storage tank at the Yangchuan LNG plant. (Interfax)

Executives at China’s state gas producers have outlined how they will be better prepared for peak winter gas demand in the future after having been caught out last month by unexpected severe shortages from Beijing’s aggressive gasification campaign.

China National Offshore Oil Corp. (CNOOC), the country’s biggest LNG importer, will not only expand the storage capacity at existing LNG terminals in Tianjin and Ningbo but also start up new terminals in the provinces of Fujian and Jiangsu, Jin Shuping, financial director of CNOOC Gas & Power...