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Project Insights

China hopes for shale gas boom after large find

China's shale gas production could be set for growth that will help stem the country's surging demand for imports China's shale gas production could be set for growth that will help stem the country's surging demand for imports.
By Damon Evans 14 February 2019 Asia Pacific / Exploration & Production 0 33932
Fuling shale gas field. (Sinopec)

The key issue: China’s Geological Survey announced a large shale gas find in the western part of Hubei province in late January. The discovery is reported to be the country’s third-biggest after Fuling and Weiyuan-Changning in the Sichuan Basin.

Interfax analysis: This year is expected to be pivotal for Chinese shale gas development. Discoveries such as the one made in western Hubei in January suggest shale production could surprise on the upside. This would help meet the country’s voracious appetite for gas and help stem...