China's Sinopec Starts Building Nation's Largest Gas Storage Site

Reuters

BEIJING, May 24 (Reuters) - Sinopec said on Wednesday it has started building China's largest natural gas storage and logistics centre with the capacity to store up to 10 billion cubic metres (bcm) of gas in Henan province in the central part of the country.

The world's second-largest economy is investing in infrastructure from pipelines to storage tanks as Beijing prepares to switch from coal-fired boilers and heating systems across 28 of its smoggiest cities to natural gas or electricity by October.

The storage facility is expected to open in May 2018, Henan's official government newspaper the Puyang Daily reported last week.

The storage facility will be connected to pipelines and supply gas to central China, Beijing and Tianjin.

(Reporting by Meng Meng and Beijing Monitoring Desk; Writing by Josephine Mason; Editing by Christian Schmollinger and Tom Hogue)

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