Related Articles
Report
Forward article link
Share PDF with colleagues

Cautious optimism over China's shale-gas plans

The country’s huge reserves are not living up to their promise

China could become the world’s largest importer of natural gas over the coming decades. But its extensive unconventional gas resource base could help stem its rising reliance on foreign energy supplies. “Significant shale gas production could start taking the heat out of gas import growth around 2025,” Gavin Thompson, an Asian gas specialist at Wood Mackenzie, told Petroleum Economist. The energy research firm forecasts shale output to hit between 120bn and 140bn cubic metres (cm) in 2035. But given China is pumping just 5bn cm per year (cm/y) now, the projection is “undoubtedly the single biggest risk factor in our China gas analysis,” added Thompson. It’s no secret that China’s shale gas

Also in this section
Nigeria's Buhari question
23 May 2017
His 2015 election brought hope for Nigeria's struggling oil-dominated economy. Is the president now part of the problem?
Iraq: Time to quit smoking
17 May 2017
The elimination of pollution from gas flaring in southern Iraq is becoming an election issue
Venezuela courting disaster
17 May 2017
A Supreme Court ruling has given the president broad authority to strike oil deals. Will there be any takers?