PetroChina Pursuing Northern Markets for Large Gas Find
Dow Jones
PetroChina plans to expand its natural gas markets in northern China around Beijing to ensure stable production at its largest gas field in the northwest, a company official said in a statement. The company has confirmed that it has discovered a massive gas deposit in the Ordos basin with probable reserves of 602.5 billion cubic meters. PetroChina expects to start production at the field, called Sulige, at an initial annual rate of 6.5 billion cubic meters by 2007.
The bulk of the production will be transmitted through a pipeline to Beijing, which is building several gas utility plants to expand its gas use from 1.6 billion cubic meters last year to 5 billion cubic meters by 2005. The company is also looking at markets in other cities in northern China such as Tianjin, as well as cities in northwestern China, he said.
PetroChina is planning to build a natural gas pipeline from the Ordos basin to Beijing, first to transmit gas from the Changqing gas field in 2004 and later to transmit gas produced from the Sulige field. The pipeline will have a designed transmission capacity of 8 billion cubic meters.
Most Popular Articles
- Falcon Oil Declares Commercial Flow Test Results for Shenandoah Well
- Macquarie Strategists Expect Brent Oil Price to Grind Higher
- Japan Failing to Meet Corporate Demand for Clean Power: Amazon
- UK Oil Regulator Publishes New Emissions Reduction Plan
- Pennsylvania County Joins List of Local Govts Suing Big Oil over Climate
- PetroChina Posts Higher Annual Profit on Higher Production
- US, SKorea Launch Task Force to Stop Illicit Refined Oil Flows into NKorea
- McDermott Settles Reficar Dispute
- Russian Navy Enters Warship-Crowded Red Sea Amid Houthi Attacks
- USA Commercial Crude Oil Inventories Increase
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Oil Demand Outpaces Expectations, Testing Calculus on Peak Crude
- House Passes Protecting American Energy Production Act
- TotalEnergies Restarts Production in Denmark's Biggest Gas Field
- USA Oil and Gas Job Figures Jump
- Republican Lawmakers Say IEA Has Abandoned Energy Security Mission
- Blockchain Demands Attention in Oil and Gas
- Houthis Warn Saudi Arabia of Retaliation If It Backs USA Attacks
- Macquarie Sees USA Oil Production Exiting 2024 at 14MM Barrels Per Day
- Summer Pump Prices Set to Hit $4 a Gallon Just as Americans Hit the Road
- Chinese Mega Company Makes Major Oilfield Discovery
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Another Major Oilfield Discovery
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Vessel Sinks in Red Sea After Missile Strike
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension
- Equinor Makes Discovery in North Sea