Current Situation and Prospects for Shale Gas Exploration and Development in China
Xu Bo1, Wu Jie2, Chen Yuanyuan3
1. CNPC Economics & Technology Research Institute;
2. Yangtze University Petroleum Economy Research Center;
3. Shanghai Petroleum and Gas Exchange Center
Current Situation and Prospects for Shale Gas Exploration and Development in China
Xu Bo1, Wu Jie2, Chen Yuanyuan3
1. CNPC Economics & Technology Research Institute;
2. Yangtze University Petroleum Economy Research Center;
3. Shanghai Petroleum and Gas Exchange Center
摘要China has made great progress during 7 years of shale gas exploration and development. The country managed to finish a preliminary assessment of its resources, start commercial development of two shale gas blocks, and carry out basic technological research for independent development of the gas. To encourage the development of the sector, the country also issued a series of preferential policies. Two rounds of shale gas bidding were held successfully. However, shale gas development in China is still in an early stage. Challenges such as immature geological theories, lack of key technologies and capital,and environmental issues are almost inevitable and need to be tackled before or duringthe exploration and development of shale gas in the country. Overall, shale gas has a bright future in China because of the country's urgent demand for cleaner energy and its current heavy reliance upon imported gas. The article suggests that China will be able to produce 40 bcm by 2020 and that a healthy development of shale gas will be good news for both chemical engineering and peak shaving reserves.
Abstract:China has made great progress during 7 years of shale gas exploration and development. The country managed to finish a preliminary assessment of its resources, start commercial development of two shale gas blocks, and carry out basic technological research for independent development of the gas. To encourage the development of the sector, the country also issued a series of preferential policies. Two rounds of shale gas bidding were held successfully. However, shale gas development in China is still in an early stage. Challenges such as immature geological theories, lack of key technologies and capital,and environmental issues are almost inevitable and need to be tackled before or duringthe exploration and development of shale gas in the country. Overall, shale gas has a bright future in China because of the country's urgent demand for cleaner energy and its current heavy reliance upon imported gas. The article suggests that China will be able to produce 40 bcm by 2020 and that a healthy development of shale gas will be good news for both chemical engineering and peak shaving reserves.
Xu Bo, Wu Jie, Chen Yuanyuan. Current Situation and Prospects for Shale Gas Exploration and Development in China[J]. 中国油气, 2016, 23(3): 18-24.
Xu Bo, Wu Jie, Chen Yuanyuan. Current Situation and Prospects for Shale Gas Exploration and Development in China. China Oil & Gas, 2016, 23(3): 18-24.
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