PetroChina’s 2018 shale gas output up 40 pct vs 2017
Top Chinese oil and gas producer PetroChina pumped 4.27 billion cubic metres of shale gas in the southwestern province of Sichuan in 2018, up 40 percent from 2017, parent company CNPC said on its website on Monday.
PetroChina’s shale gas output compared to around 6 bcm pumped by domestic rival Sinopec Corp last year. Sinopec is the country’s leading shale gas player developing its flagship Fuling field in southwest China’s Chongqing region, also in the Sichuan basin.
PetroChina also racked up record daily sales of natural gas, including mostly conventional gas supplies, at 703 million cubic metres on Dec. 29 last year, when residential heating demand surged amid massive temperature drops during winter, CNPC said on its website.
Gas supplies out of PetroChina’s storage also hit a record 78.07 million cubic meters on the same day.
Source: Reuters (Reporting by Chen Aizhu Editing by Joseph Radford)