Back to News
investment

China’s 1st underground gas storage facility up and running for 50 years

Financial Post
Loading...
3 min read
1 views
0 likes
China’s 1st underground gas storage facility up and running for 50 years

Summarize this article with:

This section is Partnership Content suppliedThe content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Article contentHARBIN, China, Dec. 19, 2025 (GLOBE NEWSWIRE) — China’s longest-serving underground gas storage facility, located in Daqing Oilfield in the northeastern province of Heilongjiang, has seen injection and extraction of over 5 billion cubic meters of natural gas over its 50 years of operation.Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentArticle contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Article contentA Media Snippet accompanying this announcement is available by clicking on this link.Article contentThe Lamadian natural gas storage facility of Daqing Oilfield has operated continuously for over 18,000 days, surpassing the commonly recognized lifespan of 30 to 50 years for gas storage facilities.Article contentIn addition, it has maintained a record of zero safety or environmentally hazardous incidents since its establishment 50 years ago.Article contentRecently, the storage facility launched a new round of gas extraction, targeting the withdrawal of 84 million cubic meters of natural gas to support the winter energy supply in Heilongjiang — a region known for severe winter cold.Article contentTo address the challenges of storing significant volumes of gas byproducts, Daqing Oilfield built China’s first underground gas storage facility in 1975.Article contentSource: Daqing OilfieldArticle contentArticle contentArticle contentArticle contentArticle contentArticle contentContact person: Ms. Zhang, Tel: 86-10-63074558Article contentArticle contentTrending Tax Court overturns CRA decision to deny bitcoin loss writeoff Taxes Mortgage rates move — but in the wrong direction Mortgage Rates Philip Cross: The sad story of Justin Trudeau’s 'youthful idiots' FP Comment Amid a wave of mortgage renewals, borrowers will have leverage in 2026 Mortgages Posthaste: Here's where home prices plunged the most in tough year for Canada's housing market News Share this article in your social networkCommentsYou must be logged in to join the discussion or read more comments.Create an AccountSign in Join the Conversation Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information. Tax Court overturns CRA decision to deny bitcoin loss writeoff Taxes Mortgage rates move — but in the wrong direction Mortgage Rates Philip Cross: The sad story of Justin Trudeau’s 'youthful idiots' FP Comment Amid a wave of mortgage renewals, borrowers will have leverage in 2026 Mortgages Posthaste: Here's where home prices plunged the most in tough year for Canada's housing market News

Read Original

Tags

partnership

Source Information

Source: Financial Post