Sinopec 2017 Gas Output Up 19%
Chinese state-owned Sinopec’s 2017 natural gas output increased sharply by 19% as producers tried to meet rising demand driven by government’s effort to replace coal.
According to a company statement issued January 5, Sinopec produced 25.7bn m3 of natural gas last year.
Sinopec Southwest Oil & Gas Company, its Chengdu-headquartered subsidiary operating in southwest China, produced a record 6.07bn m3 of natural gas, an increase of 560mn m3 (or 10%) over 2016. A total of 31 new wells were put into operation during 2017.
Sinopec also said January 5 that Fuling shale gas field’s 2017 production target has been met, as its output reached 6bn m3, up 20% year on year. The first phase of Fuling shale gas field in Chongqing, central southwest China, went into production in 2015. Sinopec has announced it is aiming to produce 10bn m³ of shale gas annually by 2020 from the field.