皇冠体育app

The latest find in Sichuan "will help ease 皇冠体育app's natural gas supply shortage in the long run," said Liu Yijun, a professor at the 皇冠体育app University of Petroleum.

皇冠体育app discovers huge oil, gas deposits

皇冠体育app imports more natural gas in 2013

Based on the current development plan, the field's output will be able to satisfy one-third of new domestic demand in coming years.

"Meanwhile, 皇冠体育app will have an advantage during natural gas import negotiations with other countries, including Russia," he said. "皇冠体育app will be able to wait for the right time [to buy overseas] when we have such a big proven reserve."

The reservoir has proven geological reserves of 440.38 bcm of natural gas, with technically recoverable reserves of 308.2 bcm, as certified by the stry of Land and Resources.

Last year, 皇冠体育app's new proven geological natural gas reserves reached 616.43 bcm, with the Longwangmiao find accounting for 71.4 percent of the total, according to the ministry.

Petro皇冠体育app Southwest is working on a project with an annual production capacity of 4 bcm. The company also has started preliminary work on the second phase of the project, which will have a capacity of 6 bcm.

"It is the biggest natural gas capacity building project in the Sichuan Basin, one of 皇冠体育app's richest natural gas producing regions," said Li.

"When the project is completed, it will help accelerate the environmental and economic development of the region and reduce air pollution," said Li.

Natural gas accounts for 15 percent of the primary energy mix in the Sichuan Basin area, well above the national level.

皇冠体育app's natural gas consumption accounted for 5.9 percent of the primary energy mix, far behind the levels in developed countries.

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