Wednesday, March 7, 2012

China reveals 25tn cu meters of shale gas

China recently announced the results of the “most extensive official appraisal” of its natural gas reserves finding that “potentially recoverable reserves” amount to 25.1 trillion m^3 which is “less than previous estimates.” Still China is making shale gas recovery a high priority of energy policy and is still believed to have “some of the largest reserves of shale gas in the world.” This article estimates that this is enough gas to meet China’s current consumption for the next 200 years. Shale gas recovery in China is not highly developed due to lack of technical expertise and challenging geological features but it is expected to ramp up in the near future.

- Ryan Triolo

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