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Petroleum storage, supply infrastructure to be upgraded to stably meet domestic demand
The Prime Minister has recently approved the national master plan on oil and gas storage and supply infrastructure for the 2021-30 period, with a vision toward 2050, in an attempt to ensure the harmony of interests of the nation, localities, enterprises and people while meeting national economic development and international integration requirements.
The national reserve infrastructure will have a capacity of 0.5-1 million cubic meters of petroleum products and 1-2 million tons of crude oil, meeting 15-20 days of net imports in the 2021-30 period__Photo: baochinhphu.vn

The Prime Minister has recently approved the national master plan on oil and gas storage and supply infrastructure for the 2021-30 period, with a vision toward 2050, in an attempt to ensure the harmony of interests of the nation, localities, enterprises and people while meeting national economic development and international integration requirements.

Under Decision 861/QD-TTg dated July 18, the overall objectives of the master plan are to develop the national petroleum and gas storage and supply infrastructure system, including the strategic reserves (national reserves), production reserves, commercial reserves, transportation and distribution facilities, and to ensure sufficient, safe and uninterrupted oil and gas reserve and supply for socio-economic development, national defense and security.

In addition, the crude oil and petroleum product storage capacity will be expanded to 75-80 days of net imports, and eventually 90 days, while gas reserves will be able to meet the demand of domestic consumption and the energy and industrial sectors.

Specifically, for oil and gas storage infrastructure, the crude oil, raw material and product storage infrastructure according to designs of petroleum production and processing plants will be operating stably and meet at least 20 days of net imports in the 2021-30 period, and 25 days in the period after 2030.

Meanwhile, commercial reserve infrastructure is targeted to meet the domestic market demand with an additional capacity of 2.5-3.5 million cubic meters during 2021-30, reaching a capacity of up to 10.5 million cubic meters in the period after 2030, meeting 30-35 days of net imports.

At the same time, the national reserve infrastructure will have a capacity of 0.5-1 million cubic meters of petroleum products and 1-2 million tons of crude oil, meeting 15-20 days of net imports in the 2021-30 period, and reach a capacity of 0.5-0.8 million cubic meters of petroleum products and 2-3 million tons of crude oil, meeting 25-30 days of net imports in the period after 2030.

Under the master plan, gas storage infrastructure will be able to store up to 0.8 million tons of liquefied petroleum gas (LPG) during 2021-30 and 0.9 million tons of LPG in the beyond-2030 period.

Under the Decision, a storage system of crude oil and petroleum products meeting the demand for petroleum production and consumption of localities will be developed with optimal investment, management and operation costs.

Meanwhile, a crude oil and raw material storage infrastructure system capable of ensuring production stability will be developed with an investment schedule conformable with its designed capacity and production plan.

Notably, a system of large-scale petrol and oil retail stores along new roads and urban areas will be formed so as to reduce the number of small-scale filling stations, which will be integrated with utility services such as vehicle recharging, maintenance and repair, vending, catering, groceries, overnight parking, etc.).

Gas storage and supply infrastructure facilities will be developed in parallel with the oil and gas import, export, exploitation, transport and processing.

Besides, it is required to build a system of storage facilities and pipelines for transport of natural liquefied gas and LPG to consumers, meeting the fuel demand for energy, fertilizer production, industry, transportation and civil purposes.- (VLLF)

                                                                                                            Huyen Hanh

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