【Haichuan Project Updates】EPC contract worth 250 million yuan signed for LNG storage center project in Zhangye, Gansu

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Recently, Beijing Petrochemical Engineering Co., Ltd. and Zhangye Jiaotou Energy Development Co., Ltd. jointly signed an EPC general contract for the Zhangye Jiaotou LNG storage center project in Zhangye City, Gansu Province. The contract value for this project is 250 million yuan. It is one of the six LNG storage center projects that have been invested in as part of the adjustments to the planning and construction of natural gas storage facilities in Gansu Province. This project is responsible for ensuring emergency natural gas supply in Zhangye City and its surrounding areas, and upon completion, it will help guarantee a stable and secure supply of natural gas in the region. The project is located in the Zhangye International Logistics Park in Dongle Town, Shandan County, Zhangye City, covering an area of 138 mu. Relying on the natural gas supply from the West-to-East Gas Transmission Line 2, the project will construct an LNG production facility capable of processing 500,000 cubic meters of feed gas per day, as well as an LNG storage tank with a capacity of 30,000 cubic meters. Upon completion of the project, the annual production capacity will reach 120,000 tons, with annual sales revenue estimated at 400 million yuan. It will also serve as the main natural gas emergency reserve facility in the Hexi region as well as an important strategic energy supply base, thereby significantly improving the business environment in Zhangye. This project is also an important preliminary infrastructure for addressing the lack of gas access for residents in remote counties and fulfilling the requirements for gasification in rural areas ； Moreover, the extended industries related to natural gas separation and production have broad prospects, significant economic benefits, and great social importance.