Sinopec discovers major gas field in S.W. China

Oil giant Sinopec has announced its discovery of a huge gas field in southwest China’s Sichuan province, China Securities Journal reported on Friday.

Since the gas field is still under exploration, the company will not reveal its estimated gas reserves, the newspaper said.

However, according to local media reports, the natural gas reserve of the field is very likely to exceed that of Puguang, a gas field also in Sichuan province with proven reserves expected to reach 500 billion cubic meters by 2008.

ChinaDaily