<br /> <br /> Proven reserves in the Fuling shale gas field in Chongqing municipality is verified by the MLR at nearly 106.75 billion cubic meters (bcm), Sinopec said on July 17.<br /> <br /> As of June 30, daily output in 29 test wells in Fuling totaled 3.2 million cubic meters. Accumulated shale gas output from those wells reached 611 million cubic meters, Sinopec said.<br /> <br /> Proving to be a high quality marine shale gas reserve, Fuling gas contains as much as 98% methane, with low levels of carbon dioxide and no hydrogen sulphide, said the company.<br /> <br /> Sinopec said in March it was targeting annual shale gas production capacity of 5 bcm from Fuling by 2015 and 10 bcm by 2017. The Chinese government set a target for total shale gas output of 6.5 bcm for 2015.<br /> <br /> <p> Once completed, the Fuling shale gas play would be able to help cut emission of 12 million tonnes of carbon dioxide. </p> <p style="text-align:center;"> <img src="/upfiles/news/image/20140723/20140723161645_1982.jpg" alt="" /> </p>