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(Image courtesy of PetroChina)

CNPC has announced a massive gas find by subsidiary PetroChina of 308.2 billion cubic meters of  recoverable gas in China’s southwest Sichuan basin.

According to CNPC, this is one of the largest domestic gas discoveries in more than a decade.

The discovery in the Moxi block of Anyue field was officially certified to hold 440.4  billion cubic meters of proven geological reserves.

The company said PetroChina will now continue work building a production facility able to pump 4 bcm / year under phase-1 development, followed by another 6 bcm/year in a second phase.

CNPC has given no indication of timeline or cost for the project.