Latest News:  
Beijing   Sunny    13 / -2   City Forecast

People's Daily Online>>China Business

China aims for huge output of shale gas after 2015

By Richard Fu (Shanghai Daily)

16:59, March 14, 2012

China plans to begin large-scale production of its shale gas deposits after 2015 when a solid foundation for developing the unconventional fuel is laid then, according to the nation's energy chief yesterday.

This means the government is not in a rush to extricate the fuel, tightly trapped in rock formations, as it has first to study exploration expertise by cooperating with foreign partners in projects both home and abroad.

China claims to possess the world's largest shale gas reserves, doubling those of the US where advances in production techniques have ended America's dependence on gas imports. The Ministry of Land and Resources, in its first official estimate of shale gas reserves, early this month said China holds 25.08 trillion cubic meters of technically recoverable deposits, enough in theory to meet China's needs for two centuries based on current consumption.

Liu Tienan, head of the National Energy Administration, under the National Development and Reform Commission, said in Beijing that a dedicated plan on shale gas has been drafted and will be released shortly.

The plan includes a target of 6.5 billion cubic meters of annual shale output by 2015, and a more ambitious 80 billion cubic meters by 2020. But Neil Beveridge, analyst at Sanford C. Bernstein & Co, has questioned the ability to meet the 2020 goal because more reforms are needed to spur investment and technology to commercialize shale gas.

Email|Print|Comments(Editor:张茜)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. In pictures: Premier Wen meets the press

  2. 22nd China Attractions Expo opens in Beijing

  3. World's unique streets and roads

  4. Parliaments around the world

Most Popular

Opinions

  1. Death penalty does not hold answer to corruption
  2. Truth about Tibet is slowly coming to light
  3. Expert: Glitter of foreign diploma to fade away
  4. NPC reform reflects vote of confidence
  5. Facing problems forges confidence for development
  6. Defense budget guards peaceful intentions
  7. Will China's economy keep growing or slow down?
  8. Chinese products bring benefits to U.S. consumers
  9. Is international 'hot money' flowing into China?
  10. China's economy to roar ahead amid global woes

What's happening in China

Thousands of pupils get nutrition improved in Sichuan, China

  1. China's Datong to hold solar energy 'Olympics'
  2. S. China shipwreck kills at least two
  3. No more "chicken without sex life" at restaurants
  4. Elderly Tibet monks, nuns gets pension allowance
  5. Local official goes missing after debt rumors

PD Online Data

  1. Spring Festival
  2. Chinese ethnic odyssey
  3. Yangge in Shaanxi
  4. Gaoqiao in Northern China
  5. The drum dance in Ansai