The Company has been gradually involved in the domestic clean energy sector since 2015 and formally set up an operations team in 2019 to start substantive operations in natural gas (LNG/CNG) trading and logistics, traditional fuel replacement solutions for industrial users and industrial oilfields, distributed energy development, planning and investment and operation of new energy fuel industries, and urban gas transmission and distribution construction management in Sichuan, Guizhou and Yunnan.
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With the closure of the production valve of Well H1 in Bai 15, the 23rd gas production period of China Petroleum Dagang Oilfield Gas Storage Group has successfully concluded, with a cumulative gas production of 2.206 billion cubic meters, a year-on-year increase of 16%, breaking the record for annual gas production.
China has surpassed Japan and once again become the world's largest importer of liquefied natural gas (LNG). Recently, Shell Group released the "LNG Outlook Report 2024" (hereinafter referred to as the "Report"), which shows that China's LNG imports in 2023 were 72 million tons, a year-on-year increase of 7.9 million tons, making it the world's largest LNG importer.
On January 17th, Sinopec announced that the "Deep Ground Engineering · Sichuan Chongqing Natural Gas Base" has made another breakthrough. The proven geological reserves of 1330.12 billion cubic meters in the Hexingchang gas field located in the Sichuan Basin, submitted by Sinopec Southwest Petroleum Bureau, have been approved by the expert group of the Ministry of Natural Resources. This marks the birth of a new ultra deep, fully packed tight sandstone 100 billion cubic meter gas field in China, making a positive contribution to ensuring national energy security.