Shale gas: China’s turn

China , Energy , Natural Gas May 30, 2012 No Comments

China shale gasShale gas exploitation has already caused an energy revolution in the United States. The other global superpower, China, wants in…

The National Development and Reform Commission, China’s Ministry of Finance, the Ministry of Land and Resources (MLR), and the National Agency Energy on March 13, 2012 jointly published the first five-year plan for development of shale gas in China for 2011–2015.

Production targets are ambitious and emphasize the need for foreign cooperation, particularly in technology, to allow the growth of this economic sector .

China’s resources are estimated at 134,420 billion cubic meters gas reserves, with an estimated 25,000 billion cubic meters of exploitable shale (for reference, U.S. reserves are estimated at 13,600 billion). China has one of the largest shale gas reserves in the world.

via Shale Gas: What Is New in China? – Natural Gas Europe

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Pascal Blanc

Pascal has implemented numerous software solutions in the areas of procurement, sourcing, spend management, supplier evaluation and performance. His clients include Fortune 500 companies in Europe, Asia and North America. He is a co-founder of Source & Procure.

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