Chevron reports first gas from China's Chuandongbei project

• Chevron (NYSE:CVX) says its Unocal East China Sea subsidiary began natural gas production from the first stage of the Chuandongbei project in southwest China, one of the largest onshore gas projects developed by an international oil company and a national oil company in China.
• The long-delayed $6.4B Chuandongbei project, which is operated and 49% owned by CVX with 51% held by China National Petroleum (PTR), is estimated to contain potentially recoverable natural gas resources of 3T cf.