Project Profile
Value: US$268M
Location: Chongqing\'s Wulong county
Production capacity: 2 bcm
Production start-up: 2019 (estimate)
China will invest 1.85 billion yuan (about $268 million) to develop the shale gas project in Chongqing with an annual production capacity of 2 billion cubic meters (bcm) in 2019-2021. The country has laid out a shale gas development blueprint to pull out 30 bcm by 2020 and 80-100 bcm by 2030 and the southwest municipality of Chongqing has been identified as one of the top five production zones.
Operators:
China Petroleum & Chemical Corp
Chongqing Xianglong