New Gas for PetroChina – Analyst Blog
Zacks Market Commentaries (August 21st, 2009) Writes:
Discovered in 2000, the Sulige field has a projected 534 billion cubic meters of natural gas. It is located in the Inner Mongolia Autonomous Region, one of the most resource-rich areas in China, which produced 3.75 billion cubic meters of natural gas in 2008.
China National Petroleum Corporation, the parent of PetroChina, had received a grant from the Government to start building a natural gas plant in Inner Mongolia in 2009, which will process the production from this field. The new plant is expected to be online by the end of 2010. The new gas plant will be the fourth one at the Sulige natural gas field in Inner Mongolia's Ordos basin.
Using its own technology, and in partnership with foreign companies
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