China’s shale gas is being exploited at a large scale.
The advent of the low oil price era has brought challenges to global oil and gas development. Despite the challenges, Chinas shale gas industry is still booming and making great progress. The industry predicts that during the 13 th Five-Year Plan period, China will substantially increase shale gas production through technological breakthroughs, policy support and market competition, and build shale gas into an important part of natural gas supply. Recently, the website of the Ministry of Science and Technology reported that the cumulative gas supply of the first large shale gas field in China, Chongqing Fuling Shale Gas Field, exceeded 10 billion cubic meters. Since September 10, 2012 when the Ministry of Land and Resources released the first round of shale gas exploration rights bidding a
China’s shale gas is being exploited at a large scale. Read More »