Related Articles
Forward article link
Share PDF with colleagues

Filling China's tanks

Beijing is working hard to put its SPR expansion programme back on track

The US may be selling off a substantial amount of its own Strategic Petroleum Reserve (SPR), but China is determined to keep building up its emergency stores of oil. As the White House calls for the sale of 270m barrels of crude from its SPR next year, which would mean the closure of two of four sites on the Gulf Coast, China is pushing ahead with the second stage of a long-term storage plan, now due for completion in 2020, after falling behind schedule. As a study published in July by China's National Natural Science Foundation points out, this would see the construction of eight new sites located in inland regions, most of them near geographically convenient ports serving areas of high dem

Also in this section
LNG: Churning it out
16 November 2017
Producers face a further period of low prices as more production comes online
Total shores up LNG market share with Engie asset grab
14 November 2017
The French supermajor's acquisition gives it access to 10% of the global LNG market, second only to Shell
Singapore poised for LNG hub
10 November 2017
The country is ready to play a leading role in meeting surging liquefied natural gas demand in the region's rapidly expanding market. In emailed responses, Singapore LNG Corporation's (SLNG) chief executive said his company is strategically placed to meet emerging market demand