, China

China’s Sinopec to boost natural gas output by 60%

The company plans to go carbon neutral by 2050.

China state-owned oil and gas company, Sinopec, plans to raise its domestic natural gas output to 48 billion cubic meters (bcm) by 2025, a nearly 60% increase from 2020.

The company plans to focus on tapping on gas resources in the Sichuan basin in the southwest and Erdos in Northern China.

Sinopec said it will produce 13 bcm of shale gas from the Sichuan basin by 2025, which makes up nearly 30% of its total gas output.

The company had pledged to be carbon neutral by 2050 and will be leaning on its gas-producing segments versus oil and start investing in hydrogen as a transportation fuel.
 

Follow the link for more news on

Join Asian Power community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Japanese utility firms into serious business of reselling LNG surplus
Declining local demand for LNG directs Japanese companies to the South and Southeast Asian markets.
Power Utility
India removes licence requirement to build transmission lines for bulk consumers
The rule applies to those with at least 25 MW of load for inter-state connection and at least 10 MW for intra-state.
NEFIN Group works double time to catch up on projects
CEO Glenn Lim explains how a delay turned out good as the company aims to reach 667 MW of capacity by 2026.
Summit Power International provides vital LNG support to Bangladesh
Without cross-border electricity supply, LNG is needed by a country facing geographical constraints to deploy renewables.