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PetroChina plans to lay longer pipeline to meet gas demand
By Fu Chenghao |
January 3, 2009, Saturday
|
Print Edition
Print Edition
PETROCHINA Co plans to almost double the length of its natural gas pipelines by 2015 to meet rising demand for the cleaner-burning fuel.
The nation's top oil and gas producer will add 21,000 kilometers of new gas pipelines by the end of 2015, for a total distance of 43,000km, its parent, China National Petroleum Corp, said in a statement. About half of the expansion will come from the nation's second west-east gas pipeline, which is being built and due to be completed in 2011.
This pipeline, stretching 6,500km from Xinjiang Uyger Autonomous Region to Guangdong Province in the south, will be able to carry 30 million cubic meters of gas from Central Asia annually, or nearly half of the national consumption in 2007.
The total length will be 9,102km if eight sub-pipelines are taken into account. In addition, the project includes a 1,794km section through Turkmenistan, Uzbekistan and Kazakhstan to the border in Xinjiang. Turkmenistan has agreed to supply gas to China for 30 years.
CNPC's statement didn't disclose how much doubling the gas pipeline network by 2015 would cost. The second west-east pipeline would cost 250 billion yuan, according to the China Securities Journal.
PetroChina has also been considering building China's third west-east gas pipeline. Its existing gas pipeline length of 22,000km is already doubled that in 2000, CNPC said. PetroChina controls 80 percent of the nation's gas pipelines.
Gas has become the main driver behind PetroChina's growth in output in recent years, rising at double-digit rates to meet growing demand. The firm's crude oil output growth has been stagnating at less than 1 percent.
The firm's gas output hit 61.7 billion cubic meters, versus 24.8 billion cubic meters in 2003. Crude output in PetroChina's aging Daqing field fell 3.6 percent to 40.2 million tons in 2008, after falling 3.9 percent in 2007.
The nation's top oil and gas producer will add 21,000 kilometers of new gas pipelines by the end of 2015, for a total distance of 43,000km, its parent, China National Petroleum Corp, said in a statement. About half of the expansion will come from the nation's second west-east gas pipeline, which is being built and due to be completed in 2011.
This pipeline, stretching 6,500km from Xinjiang Uyger Autonomous Region to Guangdong Province in the south, will be able to carry 30 million cubic meters of gas from Central Asia annually, or nearly half of the national consumption in 2007.
The total length will be 9,102km if eight sub-pipelines are taken into account. In addition, the project includes a 1,794km section through Turkmenistan, Uzbekistan and Kazakhstan to the border in Xinjiang. Turkmenistan has agreed to supply gas to China for 30 years.
CNPC's statement didn't disclose how much doubling the gas pipeline network by 2015 would cost. The second west-east pipeline would cost 250 billion yuan, according to the China Securities Journal.
PetroChina has also been considering building China's third west-east gas pipeline. Its existing gas pipeline length of 22,000km is already doubled that in 2000, CNPC said. PetroChina controls 80 percent of the nation's gas pipelines.
Gas has become the main driver behind PetroChina's growth in output in recent years, rising at double-digit rates to meet growing demand. The firm's crude oil output growth has been stagnating at less than 1 percent.
The firm's gas output hit 61.7 billion cubic meters, versus 24.8 billion cubic meters in 2003. Crude output in PetroChina's aging Daqing field fell 3.6 percent to 40.2 million tons in 2008, after falling 3.9 percent in 2007.
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