It is reported that PetroChina liquid natural gas first phase project in Jiangsu province was put into operation, supplying some 4.8 billion cubic meters of gas to both residents and industries in part of the Yangtze River delta region.

The project was jointly built by PetroChina, Hong Kong Pacific Oil and Gas Limited and Jiangsu Guoxing Group.

Mr Liao Yongyuan vice president of CNPC, the parent of PetroChina said the first-phase project costs a total investment of CNY 6.3 billion. The second phase will boost supply capacity to 8.7 billion cubic meters.

He said that the first phase project will be able to supply 2.2 million tons of LNG per year for downstream users.

According to PetroChina, the first phase project could replace the current annual consumption of 6.4 million tons of standard coal and could also reduce emissions of 15.7 million tons of carbon dioxide.

(Sourced from xinhuanet.com)