Sinopec establishes natural gas subsidiary Sinopec chairman unveils new company

On June 6, Natural Gas Branch of Sinopec Corp. was established in Beijing. Chen Tonghai, Chairman of China Petrochemical Corporation, attended the inaugural meeting and unveiled the new company.

At present, Sinopec's annual natural gas production has reached 5.8 billion cubic meters, which is a rapidly growing new growth point. After the establishment of the new company will be unified management, operation of Sinopec's natural gas business, the recent work objectives are: the development of natural gas resources in northeast Sichuan and Qingdao LNG resources, consolidate and expand the natural gas market in Shandong, Henan, and accelerate the preparatory work of LNG projects in Guangxi, Jiangsu and other places .

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