PetroChina to more than double Sichuan shale gas output by 2025 state media


Source: marketscreener.com marketscreener.com

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SINGAPORE (Reuters) - PetroChina Co Ltd, Asia's largest oil and gas producer, aims to more than double shale gas output from operations in the Sichuan basin to more than 22 billion cubic metres (bcm) by 2025 from this year's level, China News Service reported on Tuesday. That will surpass a target set by Sinopec, which led China's shale gas development with the first commercial find at Fuling, also in the Sichuan basin, and which aims to nearly double its shale gas output to 13 bcm in 2025. Shale gas operations managed by PetroChina's Southwest Oil and Gas division will top...