China Speeds up Construction of Natural Gas Storage Infrastructures
Click:292    DateTime:May.07,2020

Five departments jointly issued Opinions on Accelerating Construction of Natural Gas Storage Infrastructures, involving construction layout, operating model, system & mechanism and policy support.

The document calls for optimizing gas storage facility construction layout, appropriately raising construction targets in regions, where demand is growing fast and establishing a unified industry standard system. Operating models of gas storage facilities will be improved, and the independent operation is recommended. Infrastructure connectivity and fair opening are both highlighted in the document, which meanwhile proposes to optimize the market operation environment. Further, the government will provide more policy support (pertaining to land, taxation, finance, investment, etc.) for enterprises, helping them enhance gas storage capacity rapidly.