Related Articles
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 120 billion and 140 billion cubic metres (cm) in 2035. But given China is pumping just 5 billion 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

Also in this section
Pioneer's startling Permian output-growth plans
29 March 2017
Pioneer Natural Resources' growth plans will transform the company and points to a long bull run for Texas's prolific shale play
Latest licensing rounds
29 March 2017
The industry's most comprehensive list of current and recent rounds for onshore and offshore licenses
Kuwait still drilling
1 March 2017
Kuwait is plugging away in its upstream and will seek more IOC help to do so