China’s new air quality plan could increase LNG imports

Early this month, China’s State Council released a three-year “blue sky” action plan to curb air pollution by 2020—a plan that could have implications for the U.S. oil and gas industry.The latest plan extends to cities in the Fenwei plain in Shanxi, Shaanxi and Henan provinces, where air pollution i

Highlight - ECF China Shale Gas Weekly Review - Jul 13, 2018

Highlight - ECF China Shale Gas Weekly Review - Jul 13, 2018

Shale gas reserves in China are growing by 62%

The natural shale gas reserves in China currently exceed 1 trillion cubic meters. Last year, newly discovered and proven oil fields fell to 877 million tonnes, compared to 1.552 billion tonnes in 2012. And for natural gas, new inventories of raw materials have fallen for the past five years from 961

China Shale Gas 2018-07-13

News Not to Miss: ECF China Shale Gas Weekly Review - Jul 9, 2018

ECF China Shale Gas Weekly Review - Jul 9, 2018

China Shale Gas 2018-07-09

Shale Gas Revolution Is Just Getting Started

The shale gas revolution is turning ten years old and is apparently only just getting started.A new report by the business information provider IHS Markit traces the remarkable rise of the shale gas in the United States over the past decade and projects that natural gas production will grow by another 60% over the next 20 years.“To say that the ‘Shale Gale’. . . has been anything but a veritable revolution would be an understatement,” said Daniel Yergin, vice chairman, IHS Markit and co-author of the report. “It represents a dramatic and largely unanticipated turnaround that dramatically chang

South China Sea site to lead gas hydrate drive, commercial production far off

A site in Nansha, the southern South China Sea, has been chosen as the research base for exploring natural gas hydrate, known as combustible ice, a move analysts said on Thursday marking a step forward for industrialization of the resources.

Gas Hydrates 2018-07-06

Chinese combustible ice base to open in 2021

China's Ministry of Land and Resources has officially chosen Nansha Longxue Island in Guangzhou as a base to further explore, mine and do research on combustible ice, reports southcn.com.

ECF China Shale Gas Weekly Review - Jun 30, 2018

ECF China Shale Gas Weekly Report - Jun 30, 2018

China Shale Gas 2018-07-01

China further eases foreign investment curbs in free trade zones

China on Saturday further relaxed restrictions imposed on foreign investment in its free trade zones, in the latest step to fulfill its promise to open up the economy.Publishing a revised ‘negative list’ for investment in the zones, the National Development and Reform Commission (NDRC), China’s top economic planner, said curbs in oil and gas exploration, nuclear fuel production and telecommunications would be eased.Foreign investors will no longer have to conduct oil and natural gas exploration and development through joint ventures, and a ban on foreign investment in production of nuclear fue

China Policy 2018-07-01

FACTBOX-China's revised negative list for foreign investment

BEIJING - China unveiled on Thursday a long-anticipated easing of foreign investment curbs on sectors including banking, the automotive and heavy industries, and agriculture as Beijing moved to fulfil its promise to open its markets further. Below is the new version of the so-called negative list that sets out industries where foreign investment is limited or prohibited. The new list no longer classifies sectors as "restricted" and "prohibited". It will take effect on July 28. Old list New list Restricted Breeding of new crop Breeding of new crop varieties varieties, seed production and seed p

China Policy 2018-07-01

Will ‘flammable ice’ be a critical factor in Asia’s security?

BETHESDA, MARYLAND – At the end of April, the China Geological Survey, a state-owned research agency specializing in mineral resources, dispatched two research submersibles on a three-day mission to explore methane hydrate in a northern part of the South China Sea. The mission followed up on the nation’s first discovery of an active gas hydrate deposit in that area in 2015. It is unclear how the two projects relate, but China also agreed to a $40 million contract in February with a Dutch engineering company to begin field research into flammable ice in the South China Sea sometime in mid-2018.

Gas Hydrates 2018-07-01

Sichuan Shale and The Chinese Appetite for Clean Fuel

The People’s Republic of China has set for itself a target of producing 30 billion cubic meters (bcm) per year of natural gas from shale by 2020, and further out, a target of 80 to 100 bcm by 2030.These are very ambitious numbers, especially since the shale gas industry in the PRC has gotten off to a somewhat disappointing start. The goal that the country’s Ministry of Land Resources set for 2015 was 6.5 bcm, but actual production that year was only 4.5 bcm, or 44% short of plan.Nonetheless, shale gas production surged by 76.3% in 2016, putting it at 7.9 bcm. It rose again in 2017, to 9 bcm.

China Shale Gas 2018-07-01

DOE published the 2018 Natural Gas Liquids (NGLs) primer

On Jun 27, , the U.S. Department of Energy (DOE) published the 2018 Natural Gas Liquids (NGLs) primer that highlights the resource potential of NGLs, with a focus on the Appalachian region. This publication provides an important update of a previous version from 2017, reporting even larger projections for ethane production from the Marcellus and Utica shale plays than previously estimated. The 2018 primer includes new data from the reference case for the U.S. Energy Information Administration’s (EIA) 2018 Annual Energy Outlook as well as forecasts from a recent EIA Short-term Energy Outlook.

Global Market 2018-07-01

China's need for Alaska gas 'transcends' Trump trade fight

Alaska Gov. Bill Walker (I) and a team of staffers yesterday afternoon climbed into the back of a large SUV en route to his next Capitol Hill appointment, this one with Alaska Rep. Don Young (R).In town for the World Gas Conference, Walker has spent the past two days promoting Alaska's $43 billion liquefied natural gas export project in meetings with top Trump administration officials and U.S. and foreign oil executives.But the most important meeting to Walker may have come on Tuesday, when he met with officials of China Petrochemical Corp., known as Sinopec.In November, Alaska signed a nonbin

2018-06-30

Breakingviews - China’s homegrown shale is worth the bother

China’s shale gas push is a fully justified insurance policy. The People’s Republic produces a fraction of U.S. output: its fracking spurt started later, terrain is rough and wells deep. Yet fast-improving domestic technology and state support are helping push output up and costs down. With trade tensions rising, Beijing’s hedge is worth the effort.

China Shale Gas 2018-06-30

China's side bet on shale gas could be big winner

China's shale gas push is a fully justified insurance policy. The People's Republic produces a fraction of US output: its fracking spurt started later, terrain is rough and wells deep. Yet fast-improving domestic technology and state support are helping push output up and costs downWith trade tensions rising, Beijing's hedge is worth the effort.China has one of the world's largest shale gas resources, and is one of very few countries producing it commercially outside North America.Yet output was just 9 billion cubic metres (bcm), or 318 billion cubic feet, last year - largely from Sinopec's Fu

China Shale Gas 2018-06-30

CNPC Reportedly Plans to Double Shale Gas Production in 2018

China National Petroleum Corp. (CNPC), the largest state-owned producer of oil and natural gas in the country, reportedly plans to nearly double natural gas production from shale sources this year and wants a five-fold increase in such production by 2020.CNPC said it plans to produce 5.6 billion cubic meters (bcm) (197.8 Bcf) of natural gas from unconventional sources in southwestern Sichuan province in 2018, according to a report Tuesday by Caixin Media Co. Ltd., a Beijing-based news service. The company reportedly plans to drill more than 330 new wells targeting the Sichuan Basin in 2018, an

China Shale Gas 2018-06-30

Factbox: Domestic industry backs China’s shale gas push

China’s fracking support industry has grown rapidly over the past decade and now makes everything from fracking trucks and pumps to proppants, while local service providers are learning to match global rivals like Schlumberger and Baker Hughes.

China Shale Gas 2018-06-25

RPT-ANALYSIS-Stepping on the gas: China's home-built fracking boom

CHONGQING, China- On a flattened mountaintop a two-and-half-hour drive south of Chongqing in southwest China, a fleet of towering, red fracking trucks pumps chemicals and sand into a 1,500-metre horizontal well deep under the ground.The equipment was designed and built by China’s state-owned energy major Sinopec, the result of a decades-long government drive to develop low-cost domestic technology to tap the country’s vast shale gas resources buried in the region’s mountainous terrain.It is the latest key technology that China has learned to master.Except for a handful of higher-end tools, Sin

Factbox: Domestic industry backs China's shale gas push

China’s fracking support industry has grown rapidly over the past decade and now makes everything from fracking trucks and pumps to proppants, while local service providers are learning to match global rivals like Schlumberger and Baker Hughes.State majors Sinopec and CNPC produced 9 billion cubic metres (bcm) of shale gas in 2017 from 600 wells, six percent of the country’s total gas output. Production is forecast to double to 17 bcm in 2020, which will include production from another 700 wells, said consultancy Wood Mackenzie.China’s shale gas reserves are buried deeper, more scattered and i

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