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Project Insights

Towngas to push storage TPA via SHPGX auctions

The start of capacity auctions at Towngas China’s Jintan underground storage facility in the near future would be a big step forward for third-party access to gas infrastructure in China The start of capacity auctions at Towngas China’s Jintan underground storage facility in the near future would be a big step forward for third-party access to gas infrastructure in China.
By Tang Tian 25 July 2019 Asia Pacific / Pipelines, Storage & Power 0 34429
The Jintan underground gas storage facility in China. (Towngas China)

The key issue: Chinese city gas operator Towngas China has confirmed to Interfax it is exploring selling capacity at its Jintan underground storage facility in eastern China’s Jiangsu province through the SHPGX, but does not have a timetable for when sales would begin.

Interfax analysis: The prospect of capacity sales at Towngas China’s salt cavern-based underground gas storage (UGS) depot in the Jintan district of the city of Changzhou would represent a milestone for the Chinese gas industry. It would make the Hong Kong-listed city gas...