Oil & Gas

28 Jul 2021

China's Sinopec Aims to Grow Gas Output 60% by 2025

28 Jul 2021  by Reuters   
The company aims to produce 13 bcm of shale gas from the Sichuan basin by 2025, which would make up nearly 30% of its total gas output, Zhu said.

Sinopec, also one of the country's top importers of liquefied natural gas (LNG), will increase its receiving capacity by expanding existing terminals at Tianjin, Qingdao and Beihai and building new ones in Longkou of Shandong province and Liuhe in Zhejiang, she said.

She did not give a total capacity target for Sinopec but said by 2025 China will operate more than 30 LNG terminals able to handle nearly 200 million tonnes of imported super-chilled gas.

That is more than double the current Chinese total LNG import capacity of 96 million tonnes, as reported by the state-backed Chongqing Oil and Gas Exchange.

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