China’s CNPC sees 2007 natural gas output at 54 bln cu m, up from 44.5 bln

China National Petroleum Corporation (CNPC), the parent of PetroChina Co Ltd (HK 0857), has set a 2007 natural gas output target of 54 bln cubic meters, up from 44.5 bln in 2006, a PetroChina official said.

Li Jingming, a vice president and member of PetroChina (nyse: PTR – news – people )’s Research Institute for Petroleum Exploration and Development, told XFN-Asia on the sidelines of a energy forum here that natural gas will mainly come from a field in Sichuan province, and the Tarim and Qaidam Basins in Qinghai province, which account for 80 pct of its gas output.

Forbes