More Gas for China
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China National Petroleum Corp., the country’s biggest oil and natural gas producer, discovered a natural gas reserve with a reserve of 440 billion cubic meters, of which 308 billion cubic meters is technically recoverable, in Anyue county in the southeastern province of Sichuan. The discovery is said to be large enough to supply the nation’s needs for two years. According to the National Development and Reform Commission, China consumed 169 billion cubic meters of gas in 2013. China imported 53 billion cubic meters of natural gas in 2013, or 32 percent of its total consumption, according to CNPC’s research institute. China had 3.1 trillion cubic meters of gas reserves at the end of 2012, enough for 28.9 years, according to BP Plc’s Statistical Review of World Energy released in June 2013.
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