Mar 11 - PetroChina to Develop its Natural Gas Business

Source Press
Company PetroChina 
Tags Government Policy, CBM, Shale Gas, Upstream Activities, Unconventional Resources, Strategy - Upstream
Date March 21, 2011

(Xinhua via COMTEX) PetroChina will attach great importance to the development of its natural gas business from 2011 to 2015, Zhou Mingchun, the company's chief financial officer (CFO), at a press conference on Monday. The company will, in particular, focus on the development of non-conventional natural gas, such as coal bed methane (CBM) and shale gas, he added. The company plans to have an annual CMB output of 600 million cubic meters in 2011 and 4 billion cubic meters by 2015.

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