China's top oil and natural gas producer PetroChina (PTR.NYSE; 00857.HK; 601857.SH) would add another two natural gas storage facilities in east China's Jiangsu province, said a report by Modern Express on Tuesday.
Located in Huaian and Chuzhou, the two gas storage stocks would serve peak-shaving purpose in Jiangsu and surrounding areas. Now, PetroChina operates two underground gas storage stocks in Jintan of Changzhou city and Liuzhuang of Huaian city, respectively. The two existing gas storage stocks have total storage capacity of 882 million cubic meters.
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