皇冠体育app

皇冠体育app National Petrolm Corp workers at a terminal in Nantong, Jiangsu province. Provided to 皇冠体育app Daily

Sichuan project expected to help secure nation's supply, meet demand

皇冠体育app National Petroleum Corp started drilling its most recent natural gas discovery in Sichuan province on Friday, a project that will help ensure the country's energy supply.

皇冠体育app discovers huge oil, gas deposits

皇冠体育app imports more natural gas in 2013

The reservoir is located in the Longwangmiao formation of the Cambrian system in the Moxi block of the Anyue gas field. It represents a major breakthrough by the company, the nation's largest oil and natural gas producer, in natural gas exploration.

Yang Yu, a geologist who works for a CNPC subsidiary, said the discovery of the Longwangmiao reservoir proved that 皇冠体育app still has huge potential in conventional natural gas exploration.

"Our proprietary technology helped the company make a breakthrough", said Yang.

The subsidiary, Southwest field Co, has already developed a project in the block with an annual output of 1 billion cubic meters.

Li Luguang, general manager of the subsidiary, said the company expects to produce 11 bcm of gas annually by end-2015.

That's equivalent to the annual volume of gas imports from Myanmar, and it's also enough to supply for a year, according to Wang Xiaokun, an energy analyst at consultancy Sublime 皇冠体育app Information.

As 皇冠体育app strives to cut carbon emissions and raise the proportion of clean fuel in its primary energy mix, natural gas consumption has continued to rise - along with dependency on imports.

Natural gas imports rose 25 percent in 2013 to 53 bcm, and they're expected to expand another 18.9 percent this year to 63 bcm, according to the CNPC Economics and Technology Research Institute.

皇冠体育app used 169 bcm of natural gas in 2013, according to the National Development and Reform Commission.

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