China's top economic planner has given Sinopec the nod to build
a pipeline from gas-rich Sichuan to South China, a source from
Asia's top refiner said yesterday.
"As reserves from Sichuan's Puguang Gasfield prove to be larger
than expected, we have been given the greenlight to pipe gas from
Sichuan to ... the Pearl River Delta," the Sinopec insider, who
didn't want to be named, told China Daily, citing documents
approved by the National Development and Reform Commission, the
country's top economic planner.
"By the end of 2009, Sinopec may supply natural gas to
Guangdong, Hong Kong and Macao," the source added.
Sinopec spokesman Huang Wensheng partly confirmed the news.
"We do have such a plan, but the prerequisite is that there
should be enough gas extracted from the Puguang Gasfield (to feed
both the Yangtze River and Pearl River Delta area)," Huang
said.
Puguang is likely to yield more natural gas than previously
estimated, Huang said.
"I cannot tell Puguang's exact reserve potential right now. But
our exploration staff are all very confident (that more reserves
will be discovered)," he said.
Chen Ge, Sinopec's secretary, had earlier told China
Daily that he is confident in Puguang's potential.
Currently, Sinopec's Puguang Gasfield in Sichuan has an
estimated exploitable reserve as large as 356 billion cubic meters,
the country's second-largest, according to information released by
the Ministry of Land and Resources earlier this year.
China's largest current gasfield, the Sulige Gasfield in the
Inner Mongolia Autonomous Region, has proven reserves of 533.6
billion cubic meters.
The Sinopec source said that to prepare to feed gas to the
Guangdong market, Sinopec has hammered out a partnership with China
National Offshore Oil Corporation (CNOOC) and the Guangdong
provincial government to jointly weave a gas pipeline network in
the economically booming province.
(China Daily August 3, 2007)
