China Estimates Exploitable Shale-Gas Reserves at 25.08 TCM
By Bloomberg News - Mar 1, 2012 4:58 AM ET
bloomberg.com
China has 25.08 trillion cubic meters (886 trillion cubic feet) of exploitable onshore shale- gas reserves, according to the nation’s land ministry.
The resources are part of an estimated 134.42 trillion cubic meters of total reserves of the gas in the country, the Ministry of Land and Resources said in a statement on its website today, citing a nationwide survey. Shale gas has already been discovered in 880,000 square kilometers (340,000 square miles) of exploration blocks that contain 15.95 trillion cubic meters of the fuel that can be extracted, it said.
China, which has yet to produce shale gas commercially, aims to triple the use of natural gas by 2020 to 10 percent of energy consumption to curb pollution. It plans shale-gas output of 6.5 billion cubic meters a year by 2015 rising to 80 billion by 2020, Zhang Dawei, deputy head of the ministry’s Strategic Research Center, said in October, citing a draft of a national program.
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China steps up exploring for shale gas
Updated: 2012-03-01 17:15 (Xinhua)
chinadaily.com.cn
BEIJING - China will intensify its efforts to explore for shale gas to help restructure the country's energy supplies and fuel its economic growth, the Ministry of Land and Resources said Thursday.
China has 25.08 trillion cubic meters of explorable shale gas reserves (excluding Qinghai and Tibet), Yu Haifeng, deputy director of the ministry's geological exploration department, said at a briefing, citing the ministry's latest survey.
Shale gas resources are widely dispersed over the country. The Sichuan Basin, the Ordos Basin, the Tarim Basin, the western Hubei-Eastern Chongqing area, and the provinces of Guizhou and Hunan boast huge stores of the substance, the survey showed...
...The government has strengthened the survey and appraisal of shale gas in recent months to speed up the development of the industry...
...More than 420 researchers from oil companies, colleges and geological exploration agencies and research institutions participated in the survey. |
