Tuesday, February 11, 2014

Big Gas Find in China

      As an update to my Nov. 5, 2013, article "China Steps on the Gas," in The Abraham Energy Report, note that UPI yesterday ran a story of a major natural gas find in China's Sichuan Basin.  China National Petroleum Corp. claimed that China's Land and Resources Ministry had verified technically recoverable reserves of one trillion cubic feet of gas at CNPC's Anyue gas field.  First phase production of the field is targeted to reach 140 billion cubic feet (3.96 billion cubic metres) per year.  The full UPI article is available here.