Core Insights - The China National Offshore Oil Corporation (CNOOC) has established the largest liquefied natural gas (LNG) energy hub in China, located at the Yancheng "Green Energy Port" [1][3][5] Group 1: Project Overview - The Yancheng "Green Energy Port" is a key project in China's natural gas supply chain, focusing on base load, peak shaving, and storage functions [3][5] - The port has a total storage capacity of 2.5 million cubic meters, with an annual processing capacity exceeding 6 million tons [5] Group 2: Operational Achievements - As of now, the port has received a cumulative total of 7.84 million tons of LNG, supplying over 9.8 billion cubic meters of natural gas to the Yangtze River Delta and surrounding areas [5] - The port has expanded its operations to include cold energy utilization and gas power generation, establishing the first LNG cold energy exchange center in China [5] Group 3: Future Developments - In September 2023, two 220,000 cubic meter LNG storage tanks were designated as bonded storage tanks, initiating LNG bonded operations with an expected bonded import value of 5.332 billion yuan in 2024 [5] - By 2025, the port plans to commence LNG transshipment trade using the bonded storage tanks, with a projected bonded import and export value of 3.645 billion yuan in the first half of the year [5]