Keep the Resources Market under Control of China

Unless one has been to Xinjiang，one will not know the size of China.Xinjiang covers one/fifth area of the vast expanse of China，an area abounds in natural gas resources.The Tarim Basin lying between Tianshan and Kunlun Mountains has a volume of natural gas resources reaching 8 390 billion cubic meters，representing 28 percent of the country’s terrestrial natural gas resources volume.The“main force”of this project is the Tarim Basin.

If the key to the success or failure of the project is resource，then，the core is the market.When the feasibility studies report was made two years ago，what was most questioned was the market question，nowadays，this biggest question mark has been straightened out.Currently，the China National Petroleum Corporation has signed a letter of intent on buying and selling as well as on pipelining with 45gas-using enterprises in four provinces-Henan，Anhui，Zhejiang and Jiangsu and one municipality of Shanghai.The planned volume of gas use is 12 billion cubic meters in 2005 and 16.6 billion cubic meters in 2007.

General Manager Huang Weihe with theWest-to-East Gas Pipelining Sub-branch of China National Petroleum and Natural Gas Co.Ltd.disclosed to us，it has been planned that after the conclusion of the first-phased project，10 compressor stations will be added to the second-phased project，so as to enlarge the transfer volume and finally realize the annual transfer volume of 18 billion cubic meters.

hancheng

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