China finds huge gas reserves in south

http://english.pravda.ru/business/finance/28-05-2007/92256-china_gas_reserves-0

China has found gas deposits with "verified exploitable" reserves of about 240 billion cubic metres (bcm) around four years of current production, near Sinopec's massive Puguang field, the official Xinhua agency reported.





The already announced Puguang field accounted for over half of 600 bcm of reserves Xinhua said were discovered in a basin that could hold up to 3.8 trillion cubic metres of natural gas.

The country's two biggest energy firms PetroChina and Sinopec will develop the gas fields and production is expected to reach 74 million cubic metres per day by 2010.

The basin sits between the major western cities of Wuhan, Chongqing, Chengdu and Xian, the report added, which should help secure a market for the gas. Some will be used as feedstock for local petrochemical plants.
more...
This is going to disappoint Bush And Pentagon

Their closed society for so many years, closed off a lot of it.

What kills me is when I think of all the wonderful archaeological finds were lost forever when they flooded all that land for their damn dam :grr:

maybe a thousand years down the road, it will be found.. dams don't last forever :)