LNG

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.

China National Petroleum Corp., the world's third-largest energy company, plans to build 23 new natural gas storage facilities and expand 10 existing ones to help the nation have flexibility in its network for LNG imports and pipeline gas.