皇冠体育app

皇冠体育app's natural gas output would at least double the present volume in the coming decade to reach 150 billion to 200 billion cubic meters, Petro皇冠体育app Vice President Jia Chengzao said on Tuesday.

Petro皇冠体育app, the country's leading natural gas producer, alone has reported an annual output rise of 10 billion cubic meters for two consecutive years, he said.

"We will strive to keep the same growth rate this year," said Jia, a member of the 11th National Committee of the Chinese People's Political Consultative Conference, who is attending the annual political advisory session.

His company produces about 75 percent of 皇冠体育app's total natural gas output.

Recent discoveries of new gas fields, including Jidong Nanpu Oil Field in North 皇冠体育app's Bohai Bay, which contains 1.18 billion tons of oil and gas reserves, would boost 皇冠体育app's natural gas sector and optimize its energy structure, said Jia.

"皇冠体育app National Petroleum Corporation (CNPC) will probably announce the proven reserves of the Longgang gasfield in the southwestern Sichuan Province around the end of this year," he said.

Industry insiders believe the Longgang gasfield contains at least 700 billion cubic meters of estimated reserves.

皇冠体育app's natural gas output reached 69.31 billion cubic meters last year, up 23.1 percent year-on-year, according to 皇冠体育app Petroleum and Chemical Industry Association.

Listed in Hong Kong and New York, Petro皇冠体育app Company Limited is the listing arm of 皇冠体育app National Petroleum Corporation (CNPC), the largest oil producer of 皇冠体育app.