PipeChina Invests $3.8 Billion to Boost Gas Infrastructure Ahead of Winter
BEIJING (Reuters) — China Oil and Gas Pipeline Network, or PipeChina, said it has invested 24.45 billion yuan ($3.8 billion) to expand its gas infrastructure, aiming to add a daily gas supply capacity of 60 million cubic meters by end of this year.
Amid a severe power crunch, China's central government has been urging energy firms to step up efforts to boost gas supply before winter heating demand emerges in mid-November.
PipeChina expects gas transmission capacity via its 49,000 kilometers pipeline network to reach 268 billion cubic meters (bcm) per annum, allowing it to supply more than 110 bcm of natural gas this winter and next spring, it said in a statement.
The company also said it had started to purchase gas for emergency use and would ensure that those resources would be stored at gas terminals and storage tanks before end-October.
Related News
Related News
- Texas Waha Hub Gas Prices Plunge to Record Lows, Hit Negative Territory
- U.S. Appeals Court Strikes Down Controversial Biden Pipeline Safety Rules
- Williams Seeks Emergency Certificate to Operate $1 Billion Mid-Atlantic Gas Pipeline After Court Reversal
- Texas Oil Pipelines Near Max Capacity, Threatening Future Export Limits
- Energy Transfer Subsidiary Selects KTJV for Lake Charles LNG Export Project
- Saudi Arabia Looking to Expand Pipeline to Reduce Oil Exports via Gulf
- Report: Houston Region Poised to Become a Global Clean Hydrogen Hub
- Texas Startup Endeavors Again to Build First Major U.S. Oil Refinery Since 1977
- Puerto Bahia, Gasco to Build Liquefied Petroleum Gas Facility in Cartagena, Colombia
- U.S. Court Overturns FERC Approval for NextDecade’s $18 Billion Rio Grande LNG Project
Comments