SINGAPORE - China added two large storage tanks for liquefied natural gas (LNG) at Yangshan receiving terminal that boosted the import facility's storage capacity by 80%, according to state media reports on Tuesday.
Two tanks of 200,000 cubic meters each started operation on Monday at Yangshan terminal in Shanghai on the east coast, raising the terminal's total storage space to 895,000 cubic meters, Liberation Daily reported.
The terminal, built by local government-backed Shenergy Group and China National Offshore Oil Company (CNOOC), has an annual receiving capacity of 3 million tonnes of the super-chilled fuel, mainly supplying the financial hub of Shanghai.
Demand for gas typically rises from mid-October through mid-March the following year as the northern parts of China enter winter heating season, boosting imports of natural gas which makes up more than 40% of China's total gas consumption.
(Reporting by Chen Aizhu; Editing by Himani Sarkar) ((email@example.com; +65 6870 3284; Reuters Messaging: firstname.lastname@example.org))