GAS

Big gas discovery in southwest China

Chinese oil major PetroChina has made a big natural gas discovery in the southwest province of Si...

The company said proven gas reserves at Luojiazhai field were estimated at 58.3 billion cubic metres (bcm).

The company said it planned to produce up to six million cubic metres a day or around 2 bcm a year at Luojiazhai by 2006 for the booming eastern areas of the country.

Sichuan is China's top gas producing area and last year produced around 8.72 bcm of natural gas.

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