Date
18 October 2017

Fuling site may put Sinopec ahead in shale gas race, paper says

China Petroleum & Chemical Corporation (Sinopec) (00386.HK, 600028.CN) will boost shale gas production at its Fuling site in Chongqing by 500 million cubic meters this year, National Business Daily reported Friday. Sinopec said it planned to produce 4 billion cubic meters of shale gas by 2015, of which 3 billion cubic meters will be commercially available. The extra production from the Fuling site could help Sinopec leapfrog rival China National Petroleum Co. in the shale gas sector, unnamed analysts were quoted as saying.

– Contact HKEJ at [email protected]

EL/AC/SK

EJI Weekly Newsletter

Please click here to unsubscribe