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PETROCHINA TO SPEND US$500 MLN ON UNDERGROUND GAS STORAGE UNITS.
Publication: AsiaPulse News Publication Date: 29-MAY-06 |
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COPYRIGHT 2006 Asia Pulse Pty Ltd
BEIJING, May 29 Asia Pulse - PetroChina (HKSE:0857), the country's biggest oil and gas producer, plans to spend about US$500 million to build underground natural gas storage facilities in the provinces of Jiangsu and Anhui.
"Eventual capacity of these gas storage facilities could reach as much as 2 billion cubic metres (bcm)," Zhai Guangming, an academician at the Chinese Academy of Engineering, said at an energy forum in Beijing on Friday.
Zhai is also a senior expert at PetroChina and participated in the discoveries of China's...
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