The Fuling shale gas field in Southwest China's Chongqing Municipality has surpassed one trillion cubic meters in cumulative proven shale gas reserves, according to Sinopec, China's largest oil refiner.
The shale gas field has added around 121.356 billion cubic meters of newly proven reserves, raising the cumulative volume to nearly 1.02 trillion cubic meters.
Shale gas is an unconventional natural gas primarily composed of methane, found in organic-rich mud shale and its interlayers. It is regarded as a clean and innovative energy resource.
Development of the Fuling gas field began in December 2012, with commercial production commencing in March 2014, establishing the field as China's first large-scale shale gas project.
To date, it has produced over 70 billion cubic meters of shale gas, contributing approximately one-third of China's annual shale gas output.
Proven reserves of China's Fuling shale gas field exceeds 1 trln cubic meters
The first phase of the 139th China Import and Export Fair, also known as the Canton Fair, closed on Sunday with a record number of overseas buyers, the organizer said.
As of 5 p.m. on Sunday, about 167,000 overseas buyers from 216 countries and regions had attended the offline exhibition, up 5.9 percent from the same period of the previous edition, according to the China Foreign Trade Center.
The turnout, the highest for any first phase of the fair, underscored the resilience and vitality of China's foreign trade, it said.
The first phase of the fair, themed "advancing manufacturing," featured more than 25,000 booths, 740,000 products and over 12,000 exhibitors.
AI smart appliances, drones, new energy vehicles, and precision CNC machine tools were all on display. Spanning intelligent manufacturing, new energy, and high-end equipment, the showcase highlights the innovation capacity and vitality of China's advanced industrial system.
A total of 324 new product launch events were held, providing companies with an effective platform for networking and collaboration.
"We want to expand our relationship, and also bring innovation from here to Germany much faster, or to do European market much faster," said Kevin Klingler, a German purchaser.
This year's fair is being held in three offline phases in Guangzhou, south China's Guangdong Province, and will run through May 5. The second phase, scheduled from April 23 to 27, will focus on "quality home life," including building materials, furniture, household products, gifts and decorations.
Established in 1957, the Canton Fair takes place twice a year in Guangzhou. It is the longest-running of several comprehensive international trade events in China, and it has been hailed as the barometer of China's foreign trade.
Int'l buyers hit record for 1st phase of China's Canton Fair
