China homes in on shale gas
China hopes to replicate the United States’ success in exploring and producing shale gas as the country looks to tap into new energy resources
China National Petroleum Corp (CNPC), the country's largest state-owned petroleum and gas company, is evaluating potential shale gas resources to help meet growing energy demand, CNPC’s Deputy General Manager Liao Yongyuan told a state-run publication.
At present, there is no shale gas production in China and the evaluation of potential resources is only at a preliminary stage, Liao said, adding that the company aims to produce 500 million cubic meters (mcm) of shale gas by 2015.
Analysts say
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