Monday, June 21, 2021

"China starts work on the world’s largest LNG storage unit"

I'm beginning to think that, what with the coal and the oil and the gas and all, that China doesn't plan on giving up the hydrocarbons any time soon.

And as U.S. climate envoy John Kerry said:

...“Not when almost 90 percent of all of the planet’s global emissions come from outside of US borders. We could go to zero tomorrow and the problem isn’t solved,”...

From RT who seem to be keeping an eye on Chinese natural gas news. Go figure. 

China’s National Offshore Oil Corporation (CNOOC) has expanded the construction of what will be the world's largest liquefied natural gas (LNG) storage tanks in Yancheng Binhai Port Industrial Park in Jiangsu province.

Overall, six tanks will be built at a cost of 6.1 billion yuan ($955 million), the company said. Upon completion at the end of 2023, the full project will have 10 tanks, including six new ultra-large tanks, which will have a total volume of 270,000 cubic meters.

According to the company, the Jiangsu LNG Binhai Receiving Station, which will house the six LNG storage tanks, will have an annual LNG processing capacity of 6 million metric tons and will become the largest LNG storage base in China.....

....MORE