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To: Dennis Roth who wrote (160738)	12/7/2011 9:59:47 AM
From: Dennis Roth	1 Recommendation Respond to of 206184

China shale gas boom could surpass U.S. - Sinopec uk.reuters.com Dec 7 (Reuters) - China is set for a shale gas revolution which will surpass that seen in the United States, the chairman of Sinopec, the country's second-largest oil company, said a day after Reuters revealed Royal Dutch Shell Plc had begun shale gas production in China. Fu Chengyu, chairman of state-controlled China Petroleum & Chemical Corp (Sinopec) , said it could take five to 10 years but that China's output would exceed that of the United States. "I think the total reserves are even more than the U.S. so production is not less than the U.S., but it is a matter of timing," he told reporters at the sidelines of the World Petroleum Congress. U.S. energy markets were fundamentally changed by the development of shale gas. In the space of several years, the country went from natural gas shortages to a point where companies are planning to export gas to Asia, and are now looking at new uses for the abundant gas, such as auto fuel. Earlier this week, Yuzhang Liu, a senior official with Shell's partner PetroChina, a unit of the country's top energy group, state-owned CNPC, said the Anglo-Dutch oil major had begun shale gas production in China. Currently, a number of companies are exploring for shale gas potential in China but there is no commercial shale gas production. A U.S. Energy Information Administration report in April said China had 1,275 trillion cubic feet (tcf) of technically recoverable shale gas resources -- by far the largest in the world, followed by the United States with 862 tcf and Argentina with 774 tcf. Fu added China planned to learn from the U.S. experience to avoid some of the problems that arose there around water supplies and shale drilling. (Editing by David Holmes)

To: Dennis Roth who wrote (160738)	12/9/2011 8:16:22 AM
From: Dennis Roth	3 Recommendations Respond to of 206184

Chinese Shale Gas Drilling Implications for Frac Pumping and Gas Turbines 10 pages, 13 exhibits Download Link: sendspace.com

To: Dennis Roth who wrote (160738)	12/27/2011 1:59:45 PM
From: Dennis Roth	3 Recommendations Read Replies (1) \| Respond to of 206184

China reforms shale gas price, pilots new scheme reuters.com China will liberalise well-head prices for shale gas, coal-bed methane and coal gas, its National Development and Reform Commission (NDRC) said on Tuesday. "This is quite a significant step, a change that domestic gas producers have been waiting to see," said Yan Kefeng of Cambridge Energy Research Associates. "It sends a broad signal that the Chinese government wants to liberalise gas prices, which by itself is an incentive to unconventional gas." The United States estimates China's shale gas reserves could be bigger than its own. A revolution in production techniques is overturning U.S. dependence on imported gas. China has yet to begin commercial production, in part because existing pricing mechanisms made doing so unprofitable. The NDRC said on its website www.ndrc.gov.cn, "The eventual goal of China's gas price reform is to liberalise well-head prices and let the market decide the prices. The government only manages the prices of pipeline transmissions."