China's top economic planner has called for proper planning for the construction of liquefied natural gas (LNG) storage facilities to improve the country's storage capacity.
Since the beginning of this year, local authorities and companies have stepped up building such facilities, but some of the facilities are small and scattered, the National Development and Reform Commission (NDRC) said in a circular unveiled Monday.
The distribution pattern should be reasonable, with the focus on "centralized construction," the circular said, adding that the country should avoid LNG facilities "blossoming everywhere."
As the country's natural gas demand will see a continuous increase, the commission encouraged the reservation of sufficient land for construction use in the future.
The NDRC also encouraged local authorities to build the facilities using different means of financing, including independent funding and joint stock.
Work should also be done to forestall local government debt risks with strict supervision of the implementation of both construction and investment plans, as well as tough project approval process, the circular added.
About CHINA MINING
Since first held in 1999, the scope and influence of CHINA MINING has grown rapidly year by year. As a global mining summit forum and exhibition, CHINA MINING Congress and Expo has become one of the world’s top mining events, and one of the world’s largest mining exploration, development and trading platforms, covering all aspects of the whole mining industry chain, including geological survey, exploration and development, mining rights trading, mining investment and financing, smelting and processing, mining techniques and equipment, mining services, etc. playing an active promotion role in creating exchange opportunities and enhancing mutual cooperation between domestic and foreign mining enterprises.
CHINA MINING Congress and Expo 2018 will be held at Meijiang Convention and Exhibition Center in Tianjin in October 18-20, 2018. We invite you to join the event and to celebrate the 20th anniversary of CHINA MINING with us. For more information about CHINA MINING 2018, please visit: m.balanzskin.com.
