China's Xinjiang Province to Submit Final Oil, Gas Development Plan

Northwest China's Xinjiang Uygur Autonomous Region is likely to submit final version of crude oil and natural gas development and utilization plan in 2016-2020 for approval, Xinhua Finance reported Thursday citing statement from local government.

Local government recently held a meeting to examine the draft of the development and utilization plan.

PetroChina Planning and Engineering Institute (CPPEI) undertakes the task of drafting of the plan, according to Xinhua Finance.

In the past few decades region’s natural gas output has soared manifold. In 2005, Xinjiang yielded 10.6 bcm of gas which rose to 29.6 billion last year, accounting for 23.5 percent of the country’s total output.

This year, the region is expected to produce 30.5 bcm of natural gas.

Xinjiang has three major gas-rich basins – Tarim, Junggar and Tuha, which supply gas to booming eastern regions of China.