Fuling gas field will be the first 10 billion cubi
Web Editor:International Daily
2. Fuling gas field will be the first 10 billion cubic meters shale gas field of China
Sinopec announced on March 24 that it has made a breakthrough in shale gas exploration and development, and it will build Fuling shale gas field in Chongqing, the first 10 billion cubic meters shale gas field of China in 2017, according to Xinhua News Agency. This marks China made a strategic breakthrough in shale gas exploration, and it has entered large-scale commercialization period in advance.
Fuling shale gas field, which is the first large shale gas field of China, may reserve 2.1 trillion cubic meters shale gas, based on existing geographic statistics and production capacity. Sinopec says it plans to build shale gas field with annual production capacity of 10 billion cubic meters in 2017, which equals to a 10 million tons large oil field. It is predicted that Fuling shale gas field will reach annual production capacity of 1.8 billion cubic meters by the end of 2014, and reach annual production capacity of 5 billion cubic meters by the end of 2015.
It is much shorter than 10 years, which is the planned period to realize scale development. Fu Chengyu, the president of Sinopec said that, Sinopec has made breakthroughs in multiple areas, including shale gas resource review system, craftsmanship technology system and fracturing equipment R&D. The promotion and adoption of these scientific research results in the whole country will offer solid support and boost the implementation of shale gas strategy of China.
Besides Fuling, the shale gas field, shale gas exploration and development of other areas in Chongqing also on progress, according to officials of Chongqing Municipal Commission of Reform and Development. Chongqing Mine Resource Development Co., Ltd, Sichuan Energy Investment Group Co., Ltd, State Development& Investment Corporation Chongqing Shale Gas Development Co., Ltd all explore shale gas in Youyang, Qianjiang, Chengkou, Xiushan and other areas separately. (An BeiZhu Zhu)
[Photo: The Jiaoye 8-2HF well of Sinopec in Fuling, Chongqing was opening for gushing. ]
3. Chongqing starts the 2nd round of Overseas Returnees Entrepreneurship Project
Chongqing has started the 2nd round of Overseas Returnees Entrepreneurship Project recently to encourage overseas returnees to start their own business. It will conduct mass selection for excellent innovative project, and offer CNY 2 million entrepreneurship funds.
Chongqing also released Overseas Students Returnees Entrepreneurship Supporting Project to encourage more overseas returnees to use their technological advantages and start their business.
According to the requirements, the projects submitted should be modern enterprises with excellent creativity, great development potential, good market vision, as well as core competitiveness. Key industries such as IT, motor vehicle, equipment manufacturing, pharmaceutical and chemical industry, materials industry and consumer goods manufacturing industry enjoy the privilege for support. (Wen Jing)
5. Chaotianmen International Trade City started construction in Yinglong
Chongqing Chaotianmen International Trade City has started construction in Chayuan New Area, Yinglong Town, Nan’an District on March 27. Its annual trade amount will reach CNY 100 million after construction, and will be a key trade complex of upper stream area of the Yangtze River.
Chaotianmen International Trade City is the large whole sale complex in the nearest place of central district. The project covers an area of over 2 800 mu, construction volume of about 5.6 million square meters, with total investment of CNY 25 billion. It will create 120,000 job positions, and bring 600,000 indirect job positions.
The project is based on social capitals attracted by Chongqing Commercial investment Group Co., Ltd, which cooperates with large trade complex development companies both from home and abroad, and constructs it with advanced professional trade city design concept of China. It is arranged collaterally. Meanwhile, it will expand to and attract the upper and down stream industries chain to develop high-end featured trade whole sale market, and build e-commerce trade platforms, improve warehouse and logistics functions, explore youth entrepreneurship park and e-commerce entrepreneurship park, thus to realize transition and update of original Chaotianmen market, then to drive development of trade and logistics industries of Chongqing. (Zhang Jun)
6. Dongshuimen bridge opens to traffic
Dongshuimen Yangtze River Bridge, one project of the “Bridges on Two Rivers” that attracted much attention, opened to traffic from 0:00 on March 31, according to Chongqing Municipal Construction Commission. It marks the core area of the central district has another quick pass over the Yangtze River. (Photo: Dongshuimen Yangtze River BridgeBy Zou Fei)
7. Chongqing signed strategic cooperation agreement with Hyundai Group
The signing ceremony of Chongqing Municipal Government and Hyundai Group of South Korea has been held in Chongqing on the morning of March 27.
Both parties will form all-around strategic cooperation relation in multiple areas, including whole-vehicle R&D and production, parts mating, after-sales market development, brand image promotion, as well as relevant industries such as steel, construction, and machinery, based on technological advantages and innovation capability of Hyundai Group, and resource platform and comprehensive advantages of Chongqing, according to the agreement. (Li Peng,Yang Fan)
10. Holland Consulate General of Chongqing will open in October
Signing ceremony of Holland Consulate General of Chongqing to settle in Yingli International Financial Center has been held on the morning of March 27. The consul general said Holland will conduct a series of activities to promote cooperation between Holland and Chongqing in economy and trade, as well as culture and other fields. The Consulate General is planned to open around this October. (Ouyang Yushu)