News // Energy
China's fuling shale gas output doubled
20 October 2016 , 16:00Neftegaz.RU924
Sinopec’s Fuling shale gas field produced 3.76bn m³ of gas during January-September, up 107% year-on-year, CNPC said in a report October 20, 2016.
Shale gas processing capacity at Fuling increased from 5.5bn m3 to 6.5bn m3, the company added.
The first phase of Fuling shale gas field in Chongqing went into production last year. Earlier this year, Sinopec announced it is aiming to produce 10bn m³ of shale gas by 2020 from the field. It further stated that the target is to have production capacity of 15bn m³/yr by that year. Fuling shale gas field’s second phase is expected to be completed in 2017.
China is working on building a substantial shale gas infrastructure. Despite many hurdles, the industry has managed to achieve significant progress in last few years. Its recoverable shale gas reserves last year increased by a massive 109bn m³, from 21bn m³ to 130bn m³
The Ministry of Land and Resources (MLR) said Chinese shale gas output reached 4.47bn m³ in 2015, up almost 259% year on year. However, last year’s production missed a government target of 6.5bn m³.
10:10 21.12.2017Gazprom developing LNG business amid rising demand
12:09 05.12.2017PGNiG CEO: Shale gas extraction still viable in Poland
10:11 23.08.2017BHP Billiton Corp. plans to exit U.S. shale business
16:16 03.08.2017Western firms find loophole in Russia sanctions
00:01 01.05.2017Will oil prices rise or fall? Look toward Russia for the answer
14:16 18.04.2017U.S. shale production to see 124,000 BPD increase in May