Sinopec shale gas in Chongqing to build new energy base

China Petrochemical Group, Chongqing Municipal Government recently signed a strategic cooperation shale gas exploitation agreement to build Chongqing into an important base for China's new energy development , is expected to be formed at the end of 2015 in Chongqing, shale gas production capacity of 500,000 cubic meters, which also marked our large-scale exploitation of shale gas into the stage .Wholesale masking tape

It is understood that the Chongqing region as rich shale gas , shale gas initially proved its geological resources 12.75 trillion cubic meters , the resource can be collected 2.05 trillion cubic meters , are in third place in the country. 2013 , the National Energy Board approved the establishment of Chongqing Fuling national demonstration area of shale gas , its production capacity has reached 500 million cubic meters .Washi tape

Under the agreement, Chongqing and Sinopec will establish cooperation mechanisms shale gas exploitation , Sinopec will accelerate shale gas in Fuling national demonstration area , increasing exploration and development efforts in 2014 and 2015 to expand mining demonstration area , speed rolling development , the end of 2015 formed a production capacity of 500,000 cubic meters, in 2017 formed the production capacity 10 billion cubic meters . Sinopec Fuling shale gas will give priority to meet the industrial , residential and LNG production needs Chongqing , Chongqing became so shale gas utilization Highlands.Masking tape

Fu Chengyu , chairman of China Petrochemical Group , said the signing marked the country into a large-scale exploitation of shale gas phase . Sinopec to build Chongqing shale gas main important energy base , will increase the mixed ownership reform, bring the whole industry chain development , but also conducive to restructuring of the petrochemical industry , Sinopec shale gas development will ensure safety, ecological protection contribute directly benefit local residents and other aspects .Sellotape