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27

Sinopec Increases Natural Gas Output

The revised output will be 36 percent higher than the company's natural gas production

Sinopec, one of China's two leading onshore oil and gas producers and the nation's largest oil refiner, has decided to increase its natural gas output goal in southwest China's Sichuan Province to three billion cubic meters for this year, company sources confirmed on Sunday.

The figure is 25 percent higher than the original goal.

The revised output will be 36 percent higher than the company's natural gas production in Sichuan last year, the sources added.

In 2006 Sinopec produced approximately 2.2 billion cubic meters of natural gas in Sichuan, or 30.6 percent of the company's total gas output of 7.2 billion cubic meters, or 12.3 percent of China's total.

To achieve the revised goal, the company plans to start drilling 40 new gas wells in the coming 100 days and build an additional annual production capacity of 189 million cubic meters.