BEIJING, Oct. 18, 2021 /PRNewswire/ -- The Wei 11 gas
storage facility built by China Petroleum & Chemical
Corporation's (HKG: 0386, "Sinopec", "the Company") in its
Zhongyuan Oilfield region successfully completed its first gas
injection on October 18, marking the
beginning of official operation of the largest underground natural
gas storage cluster in north China.
The gas storage facility has a capacity of 10.03
billion cubic meters and will become a strong resource
guarantee for gas storage and peak shaving from winter through
spring in north China and the
Yellow River Basin as well as ensuring a stable gas supply.
Sinopec's Zhongyuan gas storage cluster now has three blocks,
the Wen 23, Wen 96 and Wei 11. The Wei 11 gas
storage facility that's now up and running is a key component of
establishing the natural gas storage cluster reaching 10 billion
cubic meters. The block is located at the junction of
Henan and Shandong provinces and has a designed capacity
of 1.009 billion cubic meters. The largest daily peak shaving
capacity of the Wei 11 gas storage facility is 5 million cubic
meters, which can meet the gas demands of 10 million households
every day.
In addition, Sinopec will have its Wen 13 West and Bai 9 gas
storage facilities in the Zhongyuan Oilfield region up and running
by the end of this year after completing construction and gas
injection, adding an estimated 1.116 billion cubic meters of gas
storage capacity further enhancing the company's gas storage and
peak shaving capacities.
Gas storage is underground "natural gas banks," an energy
infrastructure integrating seasonal peak shaving, emergency
accident gas supply and national strategic energy reserves. As the
proportion of natural gas continues to expand in China's energy consumption structure, the
peaks and valleys of natural gas supply as well as seasonal
differences is becoming increasingly prominent. The gas storage can
"deposit" the surplus of natural gas in the market and "draw" in
time of supply shortage during the winter heating season to achieve
natural gas peak shaving.
Sinopec continues to accelerate the construction of gas storage
facilities and improve gas storage and peak shaving capabilities in
China. The Company is stepping up
to complete key projects including the Zhongyuan gas storage
cluster and Huangchang gas storage facility in Hubei Province and more after completing the
gas storage facilities including Yong 21 in Shandong Province, Wei 11 in Zhongyuan
Oilfield region, Guxi in Jilin
Province and Qingxi in Sichuan
Province, steadily expanding the scale of natural gas
storage and effectively improving the storage capacity and gas peak
shaving capability to guarantee the supply of natural gas.
For more information, please visit Sinopec.
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