Sector News

China's Sinopec plans shale gas research base: media

March 1, 2017
News

China’s Sinopec Corp has started building a base for research into shale gas near its largest commercial discovery of the fuel, an industry website reported on Wednesday.

The company, looking to cement its position as China’s leading shale gas developer, plans to spend 339 million yuan ($49 million) building the facility near its Fuling shale project near Chongqing, according to a report by www.cnpc.com.cn.

Sinopec spokesmen were not immediately available for comment.

The center will also be used to oversee the expansion of the Fuling field’s production capacity, the report said.

The Fuling project is China’s largest commercial shale gas discovery now under production, with annual output estimated at about 5 billion cubic meters last year.

By Chen Aizhu

Source: Reuters

comments closed

Related News

August 23, 2019

The higher purpose of being a CEO

Borderless Leadership

LinkedIn Twitter Xing EmailWhen I left my second large company experience to become President of a small manufacturing company I did so driven by ego; I fancied the title. Soon […]

August 23, 2019

As Brexit nears, Britain’s drugs, devices and pricing regulators seek the exit

Life sciences

LinkedIn Twitter Xing EmailFirm details on exactly how the U.K. will regulate new medicines is still to be decided after it leaves the EU later this year (caveats on timing […]

August 23, 2019

The Simply Good Foods Company acquires Quest Nutrition for $1bn

Food & Drink

LinkedIn Twitter Xing EmailThe Simply Good Foods Company, the owner of Atkins-branded food products, has secured a deal to acquire protein snack maker Quest Nutrition for $1 billion. Quest, which […]