Shale gas in China
Shale gas in China is an energy resource yet untapped, but is seen as having large potential.[1] China has set its companies a target of producing 30 billion cubic meters a year from shale, equivalent to almost half the country's gas consumption in 2008.[2] Potential gas-bearing shales are said to be widespread in China, although as yet undeveloped.[3] In November 2009, US President Barack Obama agreed to share US gas-shale technology with China, and to promote US investment in Chinese shale-gas development.[4] Given widespread interest among international oil companies to invest in shale gas extraction in China, it is possible that shale gas could account for as much as 5% of the nation's gas production by 2020.[5]
References
- ↑ http://www.nbr.org/downloads/pdfs/eta/PES_2011_Facts_Global_Energy.pdf Unconventional Gas and the Implications for the LNG Market by Chris Gascoyne and Alexis Aik. Written for the 2011 Pacific Energy Summit
- ↑ Script error
- ↑ Zinchuan Zhang, "Unconventional gas systems in China," 33rd International Geological Congress, Oslo, 6–14 August 2008.
- ↑ White House Blog, The US and China: towards a clean energy economy, 17 November 2009.
- ↑ http://www.nbr.org/downloads/pdfs/eta/PES_2011_Facts_Global_Energy.pdf Unconventional Gas and the Implications for the LNG Market by Chris Gascoyne and Alexis Aik. Written for the 2011 Pacific Energy Summit
External links
- Unconventional Gas and Implications for the LNG Market by Christopher Gascoyne and Alexis Aik. This is a working paper written for the 2011 Pacific Energy Summit hosted by the National Bureau of Asian Research.
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