AIRLINK 74.29 Increased By ▲ 0.29 (0.39%)
BOP 4.95 Decreased By ▼ -0.07 (-1.39%)
CNERGY 4.37 Decreased By ▼ -0.05 (-1.13%)
DFML 38.80 Decreased By ▼ -0.40 (-1.02%)
DGKC 84.82 Decreased By ▼ -1.27 (-1.48%)
FCCL 21.21 Decreased By ▼ -0.44 (-2.03%)
FFBL 34.12 Increased By ▲ 0.11 (0.32%)
FFL 9.70 Decreased By ▼ -0.22 (-2.22%)
GGL 10.42 Decreased By ▼ -0.14 (-1.33%)
HBL 113.00 Decreased By ▼ -0.89 (-0.78%)
HUBC 136.20 Increased By ▲ 0.36 (0.27%)
HUMNL 11.90 No Change ▼ 0.00 (0%)
KEL 4.71 Decreased By ▼ -0.13 (-2.69%)
KOSM 4.44 Decreased By ▼ -0.09 (-1.99%)
MLCF 37.65 Decreased By ▼ -0.62 (-1.62%)
OGDC 136.20 Increased By ▲ 1.35 (1%)
PAEL 25.10 Decreased By ▼ -1.25 (-4.74%)
PIAA 19.24 Decreased By ▼ -1.56 (-7.5%)
PIBTL 6.71 Increased By ▲ 0.03 (0.45%)
PPL 122.10 Decreased By ▼ -0.90 (-0.73%)
PRL 26.65 Decreased By ▼ -0.04 (-0.15%)
PTC 13.93 Decreased By ▼ -0.40 (-2.79%)
SEARL 57.22 Decreased By ▼ -1.90 (-3.21%)
SNGP 67.60 Decreased By ▼ -1.90 (-2.73%)
SSGC 10.25 Decreased By ▼ -0.08 (-0.77%)
TELE 8.40 Decreased By ▼ -0.10 (-1.18%)
TPLP 11.13 Decreased By ▼ -0.10 (-0.89%)
TRG 62.81 Decreased By ▼ -2.04 (-3.15%)
UNITY 26.50 Increased By ▲ 0.25 (0.95%)
WTL 1.35 Increased By ▲ 0.01 (0.75%)
BR100 7,810 Decreased By -40.3 (-0.51%)
BR30 25,150 Decreased By -186.4 (-0.74%)
KSE100 74,957 Decreased By -250.1 (-0.33%)
KSE30 24,083 Decreased By -59.5 (-0.25%)

Sinopec Corp started this week a processing plant in China's south-west that treats high-sulphur natural gas pumping from a new field at Yuanba, Sinopec group reported on its website on Thursday. Yuanba, located in China's top gas producing province of Sichuan, will be able to produce 3.4 billion cubic metres of gas a year by end of 2015, doubling the present 1.7 bcm/year, the report said.
The start-up of the new gas field came a few days after Sinopec, China's second-largest energy major, announced it would raise its winter gas supplies to domestic users by 11 percent to meet a surge in heating demand. Yuanba field, spanning Guangyuan, Nanchong and Bazhong cities over 3,200 sq km, has a proven reserve of 219.4 bcm, the Sinopec report said. The gas reservoir has an average depth of 6,700 metres, among the deepest in Chinese conventional gas deposits. "The start of Yuanba signals China becoming one of the few countries in the world that masters the know-how in tapping large, ultra-deep, high-sulphur gas fields," the report said.
Yuanba is Sinopec's second major development of a high-sulphur gas project in Sichuan after its $10-billion Puguang venture. When it is in full operation, Sinopec will send most of the Yuanba gas via pipeline to central and east China. Sinopec said early this week that it expected its total gas production to grow 8 percent to 20 bcm this year.

Copyright Reuters, 2014

Comments

Comments are closed.