Production of shale gas field in Chongqing exceeds 70 bln cubic meters

The Fuling shale gas field in southwest China's Chongqing Municipality has produced over 70 billion cubic meters of shale gas, reducing annual carbon emissions by 12 million tonnes, which is an equivalent of planting 110 million trees.

Started operation in 2014, the Fuling shale gas field is China's sixth largest natural gas field, with its daily production reaching 20 million cubic meters. As an important gas source in the West-to-East Gas Transmission pipeline project, the gas field supplies natural gas to more than 70 cities along the Yangtze River Economic Belt. According to China Sinopec, the total production of the gas field has exceeded 70 billion cubic meters.

As a major source of natural gas, the Fuling shale gas field is also considered a model for green energy development. Its operations are estimated to reduce carbon emissions by 12 million tonnes annually, equaling planting 110 million trees.

Production of shale gas field in Chongqing exceeds 70 bln cubic meters

The U.S. dollar strengthened in late trading on Tuesday.

The dollar index, which measures the greenback against six major peers, added 0.28 percent to 99.134 at 15:00 (2000 GMT).

In late New York trading, the euro fell to 1.1649 U.S. dollars from 1.1672 dollars in the previous session, and the British pound declined to 1.3435 dollars from 1.3466 dollars in the previous session.

The U.S. dollar bought 159.11 Japanese yen, higher than 158.14 Japanese yen in the previous session. The U.S. dollar rose to 0.8006 Swiss francs from 0.797 Swiss francs, and it climbed to 1.3887 Canadian dollars from 1.3871 Canadian dollars. The U.S. dollar advanced to 9.2132 Swedish kronor from 9.1693 Swedish kronor.

U.S. dollar ticks up