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Increasing Domestic Gas Consumption is Prompting China to Develop its Shale Gas Resources

GlobalData, Sep 2011, Pages: 7


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Increasing Domestic Gas Consumption is Prompting China to Develop its Shale Gas Resources

Summary

People’s Republic of China (China) is currently pursuing its goal to achieve a share of natural gas in its primary energy mix to 10% by 2020. In 2001, the share of natural gas in the country’s energy mix was about 2.3%. Consequently, the country is witnessing rapid growth in natural gas consumption. In order to meet growing gas consumption, the country has made investments to increase domestic gas production as well as to develop infrastructure for gas imports. However, the country has realized that its proven reserves of conventional gas will not last for long, at current production levels. Also, imports of natural gas are increasing at a rapid pace. As a result, China’s government has decided to take concrete steps towards developing its resources of unconventional gas.

Scope

- The report highlights rapid increase in natural gas consumption in China which has resulted into fast rising natural gas imports of the country
- It also provides information on unconventional gas resources (especially gas shales) of the country
- It further provides information on key steps taken by China's government to develop its shale gas resources aimed to check increasing natural gas imports

Reasons to buy

- To keep abreast of recent trends in natural gas production and consumption in China
- To gain detailed information on gas shale resources of China
- To stay informed about recent activities in shale gas development in China



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