BEIJING, March 1 China's Sinopec Corp
has started building a base for research into shale gas near its
largest commercial discovery of the fuel, an industry website
reported on Wednesday.
The company, looking to cement its position as China's
leading shale gas developer, plans to spend 339 million yuan
($49 million) building the facility near its Fuling shale
project near Chongqing, according to a report by
Sinopec spokesmen were not immediately available for
The centre will also be used to oversee the expansion of the
Fuling field's production capacity, the report said.
The Fuling project is China's largest commercial shale gas
discovery now under production, with annual output estimated at
about 5 billion cubic metres last year.
($1 = 6.8752 Chinese yuan renminbi)
(Reporting by Chen Aizhu)