Sinopec, China's largest oil refinery, has discovered a new shale gas deposit in the Sichuan basin in the southwest of the country. The scope of the proven reserve was announced to be around 146 billion cubic meters.
Sinopec Chairman Ma Yongsheng explained that the new shale gas field is located around Qijiang district of Chongqing Municipality and Xishui county in southwestern Guizhou province. According to Ma, this latest discovery represents an important step in the exploration and extraction of deep shale gas and will contribute to China's energy security.
Emphasizing the difficulty of discovering and exploiting the gas in the region, given the depth and complexity of crustal stresses, Ma said, “We are happy to have found an important reserve despite the difficulties. Because shale gas consists of methane, it is considered a clean energy source and will make a significant contribution to our country's achievement of its goals. said.
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