Sinopec to double natgas output by 2020
China Petroleum & Chemical plans to double annual output to 1.41 trillion cubic feet (Tcf) by 2020, as the country pushes to replace coal with the cleaner fuel.
Sinopec, as China Petroleum is known, will produce 1.04 Tcf of conventional natural gas, 353 billion cubic feet (Bcf) of shale gas and 17.66 Bcf of coalbed methane by 2020, almost doubling its 2015 gas output of 734.24 Bcf, chairman Wang Yupu said at a press conference in Hong Kong Wednesday, Bloomberg reported.
The 2020 target doesn’t include 70.6 Bcf of annual output from a shale gas production facility in southern Sichuan Province, Sinopec will begin building this year, President Li Chunguang said
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