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Sinopec Acquires Trillion Cubic Meters Of Shale Gas Resources In China

China Petroleum & Chemical Corp. or Sinopec said Monday that it has achieved a daily production capacity of 530,000 cubic meters of shale gas on June 30 in its Xinye Well-1 in Qijiang, Chongqing, confirming the 100 billion cubic meters of shale gas reserves in its Xinchang shale gas structure.

As of now, Sinopec has established the shale gas resource belt of "Xinchang South - Dongxi - Dingshan - Lintanchang" in the southeastern Sichuan Basin, with overall shale gas resource volume reaching 1.19305 trillion cubic meters, the second trillion-level shale gas reserve of Sinopec following its Fuling shale gas field that will contribute to ensure China's energy security.

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