A group of liquefied natural gas (LNG) storage tanks, boasting the world's largest single-tank capacity, was completed in Zhuhai City, south China’s Guangdong Province, on Friday, significantly boosting the region's ability to ensure stable natural gas supply in the Guangdong-Hong Kong-Macao Greater Bay Area.
After 37 months of construction, the five LNG storage tanks, towering as tall as five 20-story buildings and each spanning nearly 100 meters in diameter, have been finished. With a capacity of storing up to 270,000 cubic meters of liquefied natural gas each, the storage tanks will undergo a debugging phase before being put into use.
The five tanks represent the second phase of the Jinwan "Green Energy Port" project developed by the China National Offshore Oil Corporation (CNOOC). The project’s first phase came into service in 2013 and consists of three LNG storage tanks, each with a storage capacity of 160,000 cubic meters.
With a combined storage capacity of 1.83 million cubic meters, the Jinwan "Green Energy Port" project is emerging as the largest natural gas storage and transportation hub in southern China, greatly enhancing the region's ability to ensure a stable natural gas supply in the Greater Bay Area.
"Once the project is fully operational, it will work alongside offshore gas fields like Liwan 3-1, Huizhou 21-1, and Panyu 30-1 to supply gas to cities including Guangzhou, Foshan, Zhuhai, Zhongshan and Jiangmen, ensuring energy security for the Guangdong-Hong Kong-Macao Greater Bay Area and south China," said Shen Bairen, project manager of the second phase.
The completion of the second phase of the project will increase the annual LNG processing capacity of the Jinwan "Green Energy Port" to 7 million tons, equivalent to 10 billion cubic meters of natural gas. This capacity can meet the annual domestic gas needs of 30 million households and generate 50 billion kilowatt-hours of electricity.
Construction of LNG tank group with world's largest single-tank capacity completed in Guangdong
The Yangtze River Delta, one of China's most economically vibrant regions, saw its import and export value reaching new historical highs in the first two months of this year as the region further strengthened its international competitiveness in high-tech products.
According to the latest customs data, the total import and export value of the Yangtze River Delta region in the first two months of this year reached 2.5 trillion yuan (about 344.9 billion U.S. dollars), outpacing the national growth rate by 2.3 percentage points. The region's share of China's total foreign trade rose to 38.2 percent, underscoring its continued role as a pillar of the nation's foreign trade.
Among the highlights, integrated circuit exports amounted to 75.77 billion yuan, a year-on-year increase of 14.8 percent. The export of high-tech products reached 347.67 billion yuan, growing by 6.7 percent compared to last year. Meanwhile, industrial robot exports saw an impressive jump of 48.3 percent, totaling 650 million yuan. These robots now account for more than half of China's total industrial robot exports, reaching 51.6 percent and are being sold to 82 countries and regions worldwide.
"Currently, the Yangtze River Delta region has formed a development trend of concentrated growth across the entire industrial chain of domestic robots. The export share of high-tech products -- an advantageous industry in the region -- continues to grow. This not only reflects our country's constant upgrading within the global industrial chain, but also provides a solid foundation for the high-quality development of the regional economy," said Li Jirong, an official with Shanghai Customs.
In the first two months of this year, the region saw steady growth in trade with ASEAN countries, nations involved in the Belt and Road Initiative, and other members of the Regional Comprehensive Economic Partnership (RCEP).
Additionally, the region's high-quality business environment and well-established industrial supply chains have created favorable conditions for the growth of private enterprises. These enterprises have been actively exploring opportunities in digital transformation, brand development, and international expansion, which has effectively contributed to the acceleration of export growth.
In the first two months of this year, private enterprises in the Yangtze River Delta reported an import and export value of 1.39 trillion yuan, accounting for 37.6 percent of the total import and export value of private enterprises nationwide, highlighting their growing role as a key force in driving the region's foreign trade development.
China's Yangtze River Delta sees vigorous growth in foreign trade
