CNPC to accelerate natural gas peak-shaving capacity in 2010
CNPC announced on 18 May in its 2009 Corporate Responsibility Report that it will speed up construction of natural gas peak shaving capacity and emergency planning.
Meanwhile, the state-owned refiner said it will develop diversified methods of peak shaving such as underground natural storage, gas fields, LNG, and demand-side management projects.
According to the report, In fact, in order to build peak shaving capacity to ensure adequate gas supply in peak season, the company accelerated construction of underground gas storage in recent years. By the end of 2009, the company had built three underground gas storage facilities in Dagang, north China and Jintan in Jiangsu. Total working gas reached 1.691 billion cubic meters, 17 times of 2000. The company will continue to increase input into construction of underground storage to improve its peak shaving capacity.
The gas supply crunch caused by demand surge amid frequent cold spells in late last year presented high urgency of building peak-shaving and emergency capacity. In 2009, CNPC's natural gas took up over 80% of the national total, said the report.