Gas energy storage in guangri business park

Why does China need a strategic gas storage facility?

China's NGM is highly dependent on external gas markets and countries. Once the major source countries stop supplying natural gas to China, serious energy problems will occur in this country. Therefore, China needs to learn from the experience of developed countries, to strengthen the construction of strategic gas storage facilities.

Why is China expanding natural gas storage capabilities?

China is expanding natural gas storage capabilities to ensure a reliable and sustainable energy future as part of its "carbon peaking and neutrality" strategy. It plans to establish six major gas storage centers across the country, with a total of 50 gas storage facilities and an estimated working gas volume exceeding 100 billion cubic meters.

Where is a suitable location for gas storage construction in China?

Geological formations in the eastern region. From the screening and evaluation results of China's reservoir resources during the “Twelfth Five-Year Plan” period, the suitable location for high quality and large-scale gas storage construction in China mainly distributes in the northwest, southwest and northeast regions.

What is the future of energy storage in China?

In China, generation-side and grid-side energy storage dominate, making up 97% of newly deployed energy storage capacity in 2023. 2023 was a breakthrough year for industrial and commercial energy storage in China. Projections show significant growth for the future.

Is there a shortage of natural gas storage facilities in China?

Fourthly, there was a serious shortage of natural gas storage facilities. Only thirteen UGS reservoirs were available in China, with a total capacity of 7.7 × 109 m³. The gas storage capacity of these reservoirs only took 3.2% of the total NGC in China.

Does China have enough natural gas storage capacity?

In recent years, China has made great progress in the UGS construction, but compared with the rapid growth of natural gas demand, the current gas storage capacity is far from being enough. Up to now, the peak-shaving capacity of the existing UGS in China only accounts for only 3.2% of the total NGC .