Policy & Regulation

Fuling fortifies Sinopec’s Chongqing market share

Chongqing sourced more of its gas from the local Fuling shale field last year, increasing Sinopec’s share of the municipal gas market Chongqing sourced more of its gas from the local Fuling shale field last year, increasing Sinopec’s share of the municipal gas market.
By Tang Tian 9 April 2018 0 30332
Shale gas drilling in China. The Fuling shale gas field. (Sinopec)

Higher output at shale fields helped Sinopec boost gas supplies to southwest China’s Chongqing municipality by more than one-quarter last year, capturing a greater share of the local supply mix at the expense of China National Petroleum Corp. (CNPC).

Gas consumption in Chongqing reached 9.52 billion cubic metres in 2017, up by 6.6% from the previous year. CNPC supplied 6.76 bcm, or 71.1% of the total – down from 75.7% in 2016.

But Sinopec expanded its supply to Chongqing by 27.4% year on year,...