Huge Natural Gas Find in South China Sea
Posted on: Sunday, 16 July 2006, 00:00 CDT
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.
Source: United Press International
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