Gas withdrawal from storage sites is expected to meet around 8.7pc of winter demand
China’s gas storage reliance grows
Despite technical challenges and slow development times, storage capacity is expanding
China will meet a greater share of its gas requirement through withdrawals from underground gas storage (UGS) this winter. Demand is widely expected to remain subdued during the heating season, which started in November, and combined with forecasts of greater stock draws this means storage will account for a higher percentage of the country's gas supply mix over the colder months than it did a year ago. China injected an estimated 17bn m³ of gas into storage—including both UGS facilities and tanks at LNG regasification terminals—this summer, up by 2.5bn m³ year-on-year, according to data compiled by Petroleum Economist. Given the much quicker turnover of gas in LNG storage tanks, the UGS fac
Also in this section
2 April 2025
The often-hidden yet powerful hand maintains supply chain linkages and global flows amid disruptions
2 April 2025
At some point it is likely that $70/bl will be quietly accepted as the producer-consumer sweet spot for a US administration having to balance both sides of the ledger
1 April 2025
There is method to the US president’s apparent madness, and those seeking to understand need look no further than their local bookshop
1 April 2025
Strong economic growth targets are encouraging for the country’s energy demand growth, even if meeting those goals might be a tall order
