Sinopec to triple Chongqing shale gas capacity

摘要

Singapore-China’s Sinopec said Monday it targets tripling its shale gas capacity in Chongqing in southwest China to 15 Bcm/year by 2020 from the current 5 Bcm/year. It also aims to increase its shale gas output in Chongqing to 10 Bcm/year by 2020, the end of China’s 13th five-year plan that runs 2016-2020, according to a news release on a strategic cooperation agreement signed with the Chongqing city government that was posted on Sinopec’s website.