Market Chatter: Sinopec Discovers Large Shale Reserve in China

MT Newswires Live

08/22

China Petroleum & Chemical or Sinopec (SHA:600688, HKG:0386) discovered 165 billion cubic meters of proven shale gas reserves in southwest China, according to multiple media reports Thursday.

The field, located at the junction of Hubei province and Chongqing municipality, was named Hongxing, the reports said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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