National petroleum-gas reserve infrastructure planning approved

The planning looks to form infrastructure for national reserves with a storage capacity of 500,000-1,000,000 cubic metres of petroleum products and 1,000,000-2,000,000 tonnes of crude oil within the 2021-2030 period. (Photo: baochinhphu.vn)

The overall objective of the planning project is to develop an infrastructure system for the reserves, including strategic reserves, production reserves, commercial reserves, transport, and distribution. The system building is expected to meet economic, technical, and environmental requirements; and ensure sufficient, safe, continuous reserves and supplies for socio-economic development, national defence, and security.

The planning project also aims to ensure that the storage capacity of crude oil and petroleum products nationwide reaches 75-80 days of net imports; and the storage capacity of gas reserves meets the domestic market demand.

Specifically, it targets to stabilise the commercial petroleum infrastructure to meet demand in the local market, with an additional storage capacity of 2,500,000-3,500,000 cubic metres for 2021-2030 and 10,500,000 cubic metres after 2030.

The planning looks to form infrastructure for national reserves with a storage capacity of 500,000-1,000,000 cubic metres of petroleum products and 1,000,000-2,000,000 tonnes of crude oil within the 2021-2030 period./.

VNA