CNOOC building six liquefied natural gas storage tanksBusiness | 10 Jun 2021 11:29 am
China National Offshore Oil Corp (CNOOC) has started the construction of six liquefied natural gas (LNG) storage tanks at its Binhai terminal in eastern province of Jiangsu, Reuters reports.
The tanks, with a storage capacity of 270,000 cubic metres each, will be built at the same time with ancillary facilities, CNOOC said in a statement on Wednesday night.
Binhai terminal currently has four LNG storage tanks, each with a capacity of 220,000 cubic metres. The expansion project will involve total investment of 6.1 billion yuan (US$955.56 million) and is scheduled for completion in late 2023.