China discovered its first large deep-water deep-stratum gas field with proven reserves exceeding 50 billion cubic meters (bcm) in the sea southeast of Hainan Province, marking strong progress for the country in accelerating deep-sea exploration which will further ensure national energy security.
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50 bcf isn’t newsworthy. Could be a unit mis-translation.
50 billion cubic METERS
Your right. 1.75 tcf is great but not a BIG deal.