China`s shale gas production surging
Source: www.chinamining.org Citation: Xinhua Date: October 15, 2014
China`s shale gas production in 2014 will surpass 1.5 billion cubic meters, 7.5 times that of 2013, an energy expert predicted on Tuesday.
Jiang Xinmin, a researcher with the Energy Research Institute under the National Development and Reform Commission, the country`s top economic planner, also predicted that China`s shale gas production would top 6.5 billion cubic meters in 2015.
China has seen dramatic growth in shale gas production since 2013. By of the end of July, the country had invested 20 billion yuan (3.25 billion US dollars) on exploiting 54 possible shale gas fields, said Jiang.
The shale gas industry is lucrative in drilling, gas equipment development, engineering services and gas chemical development but has a number of difficulties in commercial development, including the high costs, environmental protection and technology bottlenecks, he said.
China has the largest recoverable reserves of shale gas in the world.As the world`s largest energy user, it is looking to reduce its reliance on imported oil, coal and gas by tapping these rich shale reserves.
About CHINA MINING
Since first held in 1999, the scope and influence of CHINA MINING has grown rapidly year by year. As a global mining summit forum and exhibition, CHINA MINING Congress and Expo has become one of the world’s top mining events, and one of the world’s largest mining exploration, development and trading platforms, covering all aspects of the whole mining industry chain, including geological survey, exploration and development, mining rights trading, mining investment and financing, smelting and processing, mining techniques and equipment, mining services, etc. playing an active promotion role in creating exchange opportunities and enhancing mutual cooperation between domestic and foreign mining enterprises.
CHINA MINING Congress and Expo 2014 will be held at Meijiang Convention and Exhibition Center in Tianjin on November 20th-23rd, 2014. We invite you to join the event and to celebrate the 16th anniversary of CHINA MINING with us. For more information about CHINA MINING 2014, please visit: www.chinaminingtj.org.