State pipe network group and Shanghai Petroleum and natural gas trading center plan to carry out competitive trading of Wen 23 gas storage capacity on March 30

In order to further respond to the requirements of the national natural gas market-oriented reform, improve the fairness and openness of infrastructure, give full play to the comprehensive gas storage and peak shaving capacity of infrastructure such as the gas storage of the National Petroleum and natural gas pipeline network Group Co., Ltd. (hereinafter referred to as the “National pipeline network group”), and ensure the healthy, sustainable and stable development of the service industry, The national pipe network group and Shanghai Petroleum and natural gas trading center (hereinafter referred to as “Shanghai Trading Center”) issued the announcement on carrying out the bidding transaction of Wen23 Gas storage capacity of national pipe network group in 2022 (hereinafter referred to as “announcement”), and it is planned to carry out the bidding transaction of Wen23 Gas storage capacity through the trading platform of Shanghai Trading Center on March 30, 2022.

According to the announcement, the registration time is 18:00 from March 21 to March 28, 2022 The trading time is 11:00-11:30 on March 30, 2022 The seller is an enterprise designated by the national pipe network group. The trading capacity of gas storage services is 300 million cubic meters. The service period of gas storage (settlement period) is from April 15, 2022 to March 31, 2023. The gas injection period is from April 15, 2022 to October 31, 2022; The gas production period is from November 15, 2022 to March 31, 2023. The delivery place (gas storage point) is Wen 23 gas storage, which adopts the method of independent delivery.

As for the transaction qualification, the transaction qualification certification requirements of the national pipe network group include: having the qualification conditions of the shipper of the national pipe network group; There is no record of major breach of contract during the service period of national pipe network group; The upstream resources have been implemented, and the upstream resources contract or intention agreement has been signed; The downstream market has been implemented and the gas supply contract or intention agreement has been signed; Be able to comply with the relevant requirements of national guarantee and supply, and obey the unified allocation when necessary.

The transaction access qualification requirements of Shanghai Trading Center include: the applicant enterprise must be a Chinese dealer member of Shanghai Trading Center and have completed the signing of bank third-party depository; The applicant enterprise shall have a good credit record and shall not be included in the list of dishonest enterprises; The applicant enterprise shall have a complete system and team for natural gas and gas storage service transaction, settlement, settlement and risk management.

It is reported that Wen 23 gas storage, as a key construction project of the national 13th five year plan, is the reconstruction and construction of the exhausted main block of Wen 23 gas field. It is the largest underground gas storage in central and eastern China. It is divided into two phases. The first phase of the project will enter the full-scale gas injection stage after the completion of construction in August 2019, with a storage capacity of 8.43 billion m3, including 5.16 billion m3 of cushion gas and 3.27 billion m3 of working gas; A reciprocating compressor with a displacement of 1.509-0.66 million m3 for single unit / reservoir operation, and a production pressure of 1.509 million m3 for single unit / reservoir operation. The gas storage is located in the hinterland of the Central Plains and close to the natural gas demand market. The cost of natural gas resource injection and production pipeline transportation and sales is relatively low. Through Yuji pipeline, Zhongkai pipeline and e’ancang pipeline, the gas storage is interconnected with Qingdao LNG terminal, Tianjin LNG terminal and Inner Mongolia Eerduosi Resources Co.Ltd(600295) gas field, undertakes the important tasks of natural gas peak shaving emergency and market supply guarantee in North China, and can provide guarantee for the smooth operation of many long-distance pipelines.

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