China to build country's largest LNG reserve base: state media

SHANGHAI: China is building its largest liquefied natural gas (LNG) reserve base in its eastern Jiangsu province, state broadcaster CCTV reported on Saturday.

The first phase will consist of four storage tanks with capacities of 220,000 cubic metres each, and an annual receiving capacity of 3 million tonnes when operations start in 2022.

A second phase will see the building of six tanks with a capacity of 270,000 cubic metres each.

In the long term, the reserve base will have a total capacity of 20 million tonnes, CCTV reported.