Home | About Us | Contact Us | Site Map | Chinese
News | Biz | Pearl River Delta | Enjoy Life | Culture | Travelling | Pics | Cities & Towns | Gov Info | Specials
Current Home > Business > Biz Headlines
Large-scale gas field discovered
Latest Updated by 2007-05-28 15:58:47
Related News
Natural gas will be introduced to Yuexiu and Tianhe districts in the latter half of this year
Temporary price of natural gas to be RMB 2.5 per cubic meter
Business News
Forbes' tax misery ranking 'inaccurate'
Large-scale gas field discovered
Financial assets see 33% growth

A major gas field has been discovered in Southwest China's Sichuan Province, it was announced over the weekend - which experts said would add to energy security and boost the development of the western region.

A total of 3.8 trillion cubic meters of natural gas deposits have been found in the western part of the Sichuan Basin, said officials in Dazhou, where the reserve is located.

They include proven exploitable reserves of newly-discovered 244 billion cubic meters - around four years of current production - and the already-announced 356 billion cubic meters in Puguang gas field.

Till the latest discovery, amounting to a total of 600 billion cubic meters of exploitable reserves, the largest gas field was in Sulige, Inner Mongolia Autonomous Region. Discovered last year, it has exploitable reserves of 533.6 billion cubic meters.

Last Wednesday, a large gas field with reserves of nearly 30 billion cubic meters was discovered in Karamay, the Xinjiang Uygur Autonomous Region.

China had about 2.4 trillion cubic meters of economically-viable natural gas reserves at the end of 2006, the Ministry of Land and Resources said in March.

According to the energy development plan released by the National Development and Reform Commission - the country's top economic planner - China plans to nearly double its annual natural gas production from 49.3 billion cubic meters in 2005 to 92 billion cubic meters by 2010.

Natural gas consumption will soar to more than 100 billion cubic meters by 2010 from the nearly 50 billion cubic meters in 2005.

With the increasing need for energy, China has strengthened exploration efforts to ensure energy safety, which experts say is vital to reduce China's reliance on imports.

The latest gas discovery comes days after the country announced the finding of a mega-scale oilfield - Jidong Nanpu oilfield in Bohai Bay of North China's Hebei Province.

The oilfield is expected to have reserves of 1 billion tons, or about 7.35 billion barrels, the largest discovery in the country in more than four decades.

By 2010, the newly-found gas deposits in Dazhou will raise the city's gas output to 24 billion cubic meters, said Li Xiangzhi, Party secretary of Dazhou.

Li said that Dazhou is set to become a natural gas and chemical center in western China.

Dazhou, located in eastern Sichuan, covers an area of 16,600 square km with a population of 6.46 million.

China National Petroleum Corporation, the country's biggest oil and gas producer, and Sinopec Corporation, China's largest refiner, plan to build five purification plants in Dazhou and are expected to process 74 million cubic meters a day by 2010.

A 30 square-km natural gas and chemical industrial park is planned about 6 km away from the city.

Editor: Yan

By: Source: China Daily Website
Previous:  Forbes' tax misery ranking 'inaccurate'  Next:Financial assets see 33% growth

Chinese Premier pledges to stabilize soaring pork prices

Human Domino get people relaxed

[Guangzhou] Eight New Attractive Places of Liwan District Selected

New signs to be set up at 1,000 road intersections by the end of 2007

China beat S Korea 5-2 in women's soccer friendly
This site contains material from other media for content enrichment purpose only.
The website do not endorse such content and do not bear the joint responsibility of their copyright infringement.
The views expressed in written material posted to the bulletin boards of are those of the authors and/or publishers. The website does not endorse information products posted by organizations and individuals here. The originators of these information products are solely responsible for their content.
For copyright infringement issues, you shall contact within thirty (30) days. Email:
If you find any error in this page, please drag your mouse to mark the text with error, then press "CTRL" and "ENTER", to inform us. Thanks for your help!
Home  |  About Us  |   Contact Us  |  Site Map  |  Chinese
©2005 WWW.NEWSGD.COM. All rights reserved.registered number 020074 Terms of Use | Advertise | ICP Certificate No.B2-20050252
Guangdong Gov Link
Guangdong Gov Brief
State Structure
Guangdong in Brief
Laws & Regulations
Exchange Rate
Guangdong Guide
Museum Museum
University University
Eat Eat
Shopping Duting
Night Life Night Life
Weather Weather
Phone No. Phone Num
Consulate Consulate
Airport Airport
Travel Tips Tours Tips