Huge Natural Gas Find in South China Sea
July 16, 2006
The Ministry of Land and Resources says natural gas reserves discovered in the South China Sea may be the largest ever in China.
The prospective well known as LW3-1-1 may contain a billion cubic meters of gas, Xinhua, the official government news agency, said.
The well was discovered by Husky Energy Ltd., a Canadian oil exploration firm. It is in the Pearl River Mouth Basin, about 150 miles from Hong Kong and 5,000 feet down.