LNG

China National Offshore Oil Corp. (CNOOC), the Chinese energy major with international and domestic LNG interests, said the first ultra-deep natural gas well in the Bohai Sea offshore northeast China had out-performed initial estimates amid ambitious domestic gas production plans.

China Petroleum and Chemical Corp. (Sinopec) said it had completed the development of the first phase of the new Weirong shale-gas field in the southwest Sichuan province with an annual production capacity of 1 billion cubic metres of natural gas.