Natural Gas Inventory +81 bcf vs +94 bcf Expected

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Sinopec Launches 10 Billion Cubic Meter Gas Storage Facility

October 18, 2021 6:47 AM EDT

The Wei 11 gas storage facility built by China Petroleum & Chemical Corporation's (HKG: 0386, "Sinopec", "the Company") in its Zhongyuan Oilfield region successfully completed its first gas injection on October 18, marking the beginning of official operation of the largest underground natural gas storage cluster in north China.

The gas storage facility has a capacity of 10.03 billion cubic meters and will become a strong resource guarantee for gas storage and peak shaving from winter through spring in north China and the Yellow River Basin as well as ensuring a stable gas supply.

Sinopec's... More