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Sinopec wants to take advantage of the Sichuan East gas transmission project to compete with PetroChina

it is reported that on August 31, Sinopec announced the official commercial operation of its 62.6 billion Sichuan East Gas Transmission Project in Beijing. The starting point of the Sichuan East gas transmission project is Sinopec Puguang gas field, and the pipeline spans 8 provinces and cities. According to the existing data, the upstream Puguang gas field of the Sichuan East gas transmission project has an annual capacity of 12billion cubic meters of natural gas and an annual output of 2.4 million tons of sulfur. The annual income of the above products is about 20billion yuan

Liu Yan, Vice Minister of Sinopec development department, said in response to financial questions that the two investments in the gas field and pipeline of the Sichuan East gas transmission project can be recovered into high-speed wire drawing books that can support the wet to dry (wod) and wet to wet (wow) processes of optical fiber drawing towers within 9 to 10 years

at the press conference on the same day, Sinopec revealed that in the future, Sinopec will make more investment actions around the upstream and downstream aspects of the Sichuan East gas transmission project

in the upstream of the Sichuan East gas transmission project, Sinopec announced that so far, Puguang gas field has produced 2.1 billion cubic meters of natural gas. The average import price in January reached 10783.4 yuan/ton, and 480000 tons of by-product sulfur. This year, the natural gas production capacity is expected to be about 4billion cubic meters, "said one of the researchers. However, Sinopec believes that with the expansion of demand during the 12th Five Year Plan period, the amount of natural gas transported from Puguang gas field to the downstream will continue to increase

in addition, Cao Yaofeng, deputy general manager of Sinopec, made a public statement on the reserves of Sinopec's Yuanba and Fuling natural gas blocks for the first time. Previously, the media reported that Sinopec had found a natural gas field with a reserve of 100 billion cubic meters in Fuling, Chongqing. For this, Cao Yaofeng said that now only one exploration well has been drilled, which does not explain the actual reserves there. He said, "at present, four exploration wells have been drilled in the region, and it is estimated that the results will be available as soon as around the Spring Festival. We treat this matter with caution.". A Sinopec person at the scene said that Sinopec has already had experience in the exploration and production of high sulfur gas fields. If the project makes a breakthrough, the gas production of the upstream gas field of Sichuan East gas transmission will be further increased soon. Cao is relatively cautious about this. We can only say that Sinopec has made new breakthroughs in the early exploration of Yuanba and Fuling blocks, "but in the future, we will have new natural gas production capacity here, and now all the processes we are worried about have been opened up."

Sinopec has recently made a lot of moves around the downstream business of the Sichuan East gas transmission project. On the same day, Sinopec spokesman Huang Wensheng said in response to financial questions that at present, Sinopec has built 93 gas stations along the Sichuan East gas transmission project, and is now further promoting business development in this field. According to finance and economics, Sinopec local companies have begun to build CNG filling stations (compressed natural gas stations) in 8 provinces and cities along the Sichuan East Gas Transmission Project on a large scale. Today, Sinopec has a total of 13 Su Shulin, manager of data processing system, also made it clear at the press conference that Sinopec should vigorously develop the gas station business

as for the construction of downstream gas storage, Cao Yaofeng said that Sinopec plans to build a gas storage in Jingzhou, Hubei and Jintan, Jiangsu respectively for peak shaving

however, Sinopec's "Sichuan gas" still faces some obstacles in downstream sales. A person in charge of a natural gas company in the central region told Caijing that the high price may become one of the obstacles to Sinopec's Sichuan gas sales at present. According to the ex factory price of domestic onshore natural gas fields uniformly stipulated by the national development and Reform Commission on May 31 this year, the ex factory price of natural gas from Sichuan to East China is set at 1.51 yuan per cubic meter. This price has also become the highest average ex factory price of domestic onshore gas fields at present

Liu Yan, deputy director of Sinopec development department, said that Sinopec's Sichuan East gas transmission capacity is expected to be about 4billion cubic meters this year, which is not a small gap with the actual capacity of 12billion cubic meters of natural gas. Wangchunjiang, deputy commander in chief of the Sichuan East Gas Transmission headquarters, believes that the current lack of downstream demand is the reason why Sichuan gas does not operate at full capacity. However, he believes that the lack of demand is only a short-term phenomenon. Now the sales work of Sichuan gas is also in the preliminary stage. With the large-scale access of Sichuan gas to the pipeline in the future, the lack of demand can be solved

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