Beijing Gas Huangdao LPG underground storage project, the largest liquefied petroleum gas (LPG) underground storage in northern my country, officially started construction in Huangdao yesterday. The project has a total storage capacity of 500,000 cubic meters and a total investment of nearly US$90 million. After the project is completed, it will be the fourth large-scale LPG underground storage in my country and the first in the north of the Yangtze River. It will also become an important emergency gas source reserve for Beijing. It will be instrumental in stabilizing the energy supply in North and East China and improving the investment environment in Qingdao. of great strategic significance.
The Beijing Gas Huangdao LPG underground storage project is an important strategic energy reserve for the Beijing Municipal Government. It is invested and constructed by Qingdao Longze Gas Co., Ltd., which is jointly owned by Beijing Beiran Industrial Co., Ltd. and Bahamas Oriental Energy. Fuel Supply Co., Ltd. and Beijing Qunying Investment Co., Ltd. were jointly invested and established, with a total investment of US$29.6 million in the first phase and a registered capital of US$12 million. Qingdao Longze Gas Company has initially constructed an LPG underground storage with a storage capacity of 250,000 cubic meters and is engaged in the transportation, import and export, storage and sales of high-quality LPG. After market forecasts, Qingdao Longze Gas Company decided to double the construction scale of Huangdao LPG underground storage capacity from 250,000 cubic meters to 500,000 cubic meters. The total investment will increase from the original approved US$29.6 million to 89.93 million US dollars. Dollar. After the project reaches production, it is expected to achieve annual sales revenue of 4 billion yuan and annual profits and taxes of 100 million yuan.
According to reports, Qingdao Longze Gas Company has completed all procedures for the start of the storage project. The underground construction unit, construction supervision, and design institute have been stationed at the site. Site consolidation and sea area backfilling have been basically completed. Excavation of the construction tunnel has begun. It is expected to be completed and put into use in early 2011.
You can’t go wrong with a national key project