China aims to rev up shale gas drive, wean itself off imports amid U.S. trade row

China aims to slash its growing dependence on gas imports by boosting domestic projects like shale fields as the security of its energy supply comes under the spotlight amid a festering trade war with the United States.The row with Washington has overshadowed China’s economy, likely slowing gas demand growth considerably this year, a new government research report shows. But Beijing is funding new efforts to boost domestic production, particularly from so-called unconventional sources like shale gas, as weaning China off its import reliance takes on new importance.The report, released on Satur

2019-09-06

ECF China Shale Weekly Review - September 1, 2019

ECF China Shale Weekly Review - September 1, 2019

Can China Double Its Gas Output By 2040?

China is set to double its natural gas production by 2040, but challenges in developing shale gas resources have led to a lower production outlook and expectations of more imports in the long term, Wood Mackenzie said on Wednesday. China’s domestic natural gas supply is forecast to double to 325 billion cubic meters (bcm) in 2040 from 149 bcm in 2018, according to Xueke Wang, a consultant at Wood Mackenzie. Yet, this latest forecast for 2040 is 39 bcm lower than WoodMac’s previous outlook, mostly dragged down by lowered forecasts for shale gas and coal bed methane (CBM) production, Wood Macke

China Natural Gas 2019-08-29

Huadian’s exit puts NOCs in shale gas driving seat

State-owned power utility China Huadian’s exit from shale gas licences it won in late 2012 could prompt other companies to reconsider entering China’s shale gas sector and the wider upstream segment.China Huadian has reportedly handed back acreage that it won in China’s second shale gas exploration licensing round held in late 2012.

China Shale Gas 2019-08-23

【ECF News】China NEA Director: Establish "14th Five-Year" Energy Plan ASAP; Accelerate More Oil and Gas Supporting Policies

On August 13, Zhang Jianhua, director of the National Energy Administration, wrote a signed article "Promoting the high-quality development of energy industry in the new era (in-depth study and implementation of Xi Jinping's new era of socialism with Chinese characteristics)" in China's official newspaper People's Daily.The article pointed out that the energy development plan during the "14th Five-Year" and a longer period of time should be established as soon as possible, and the guiding opinions for promoting the high-quality development of the energy industry should be formulated. It is nec

2019-08-14

ECF China Shale Weekly Review - August 11, 2019

ECF China Shale Weekly Review - August 11, 2019

【ECF News】Observation: China's natural gas import sources are becoming more diversified

The China-Central Asia natural gas pipeline, together with the China-Myanmar gas pipeline, have transported 300 billion cubic meters of natural gas to China since beginning operations in 2009 and 2013 respectively.The statistic was revealed on Jul 23 by China National Petroleum Corp, the country's largest oil and gas company. The two pipelines are the only two international gas channels to bring fuel into China across land, representing more than 15 percent of the yearly national gas consumption and more than 40 percent of national gas imports every year. China's natural gas imports have incre

ECF China Shale Weekly Review - August 4, 2019

ECF China Shale Weekly Review - August 4, 2019

【ECF News】Oil & gas exploration and development in China: why is it difficult for new entrants?

Oil & gas exploration and development is a high-risk industry. Hundreds of millions could be invested with nothing coming out. Therefore, engaging in oil and gas exploration and development requires sufficient financial strength and anti-risk ability, in addition to the corresponding technology and experience. In these respects, many new entrants are seriously inadequate compared with the oil majors.As China's oil and gas system reform continues to deepen, the opening door to oil and gas exploration and development is also widening.From the Ministry of Natural Resources's (formerly the Ministr

ECF China Shale Weekly Review - July 28, 2019

ECF China Shale Weekly Review - July 28, 2019

【ECF News】Shale Gas Profitability and Oilfield Service Market to Rise in China

According to market analyst report, due to the further improvement of shale gas technology, the single well production of shale gas Changning block has been significantly improved, and shale gas development has been more economical.End 2017End 2018Order Price of Shale Gas Wells - Xinjiang Beiken Energy30 million CNY drilling & completion per well30 million CNY drilling & completion per wellSingle Well Cost42 - 45 million CNY45 -50 million CNYPerforation Service (No Plugging)40,000 CNY / Section60,000 CNY / SectionFracturing400,000 - 500,000 CNY / Section600,000 - 800,000 CNY /

ECF China Shale Weekly Review - July 21, 2019

China Oil Drilling Market Analysis

【ECF News】 China Oil Drilling Market Analysis

In the next few years, the workload of China's oil industry is expected to maintain rapid growth.

ECF China Shale Weekly Review - July 14, 2019

ECF China Shale Weekly Review - July 14, 2019

【ECF News】Joint operations - the new picture for China oil & gas development

Following the signing of the strategic alliance cooperation agreement between PetroChina and Sinopec on June 22 and the signing of another joint research framework agreement on Monday, Sinopec and CNOOC signed a new cooperation framework agreement Wednesday.In the past three months, PetroChina, Sinopec and CNOOC have continued to carry out large-scale cooperation in onshore and offshore oil and gas basins, indicating that the domestic upstream exploration and development has ushered in a new change.Sinopec & CNOOC: Offshore CooperationOn July 10, PetroChina and CNOOC (China) Co., Ltd., a subsi

ECF China Shale Weekly Review - June 30, 2019

Energy China Forum 2019 the 9th Asia-Pacific Shale Gas & Oil Summit (Shanghai, China) Sept 25-27, 2019http://2019.energychinaforum.comEnergy China Forum releases weekly review of China shale gas and oil updates every Sunday. For more China shale gas and oil information, please contact ECF editor. Energy China Forum WeChat: chinashalegasEditor WeChat: ecfenergyPolicy & Regulation1. Experts: What does the new China unconventional subsidies policy indicate?According to ECF reports last Friday, China's MOF released several new supplement rules of the Renewable Energy Development Special Fund, inc

【ECF News】Experts: What does the new China unconventional subsidies policy indicate?

According to ECF reports last Friday, China's MOF released several new supplement rules of the Renewable Energy Development Special Fund, including the subsidies for unconventional gas development.【ECF News】MOF: Unconventional Gas Development will gain subsidies from new special fundSO, what does the new subsidies policy mean and what influences it will take on China's unconventional oil & gas? According to Wang Hongyan, Director of CNPC RIPED Unconventional Institute and Deputy Director of National Energy Shale Gas R&D Center, this new policy reflects changes in five aspects:First, it is very

ECF China Shale Weekly Review - June 23, 2019

Energy China Forum releases weekly review of China shale gas and oil updates every Sunday. For more China shale gas and oil information, please contact ECF editor. Energy China Forum WeChat: chinashalegasEditor WeChat: ecfenergyPolicy & Regulation1. MOF: Unconventional Gas Development will gain subsidies from new special fundAccording to a notice released by China's Ministry of Finance on June 11, several new supplement rules of the Renewable Energy Development Special Fund were cofirmed, including the subsidies for unconventional gas development.The Special Fund includes supportive reward fo

【ECF News】MOF: Unconventional Gas Development will gain subsidies from new special fund

According to a notice released by China's Ministry of Finance on June 11, several new supplement rules of the Renewable Energy Development Special Fund were cofirmed, including the subsidiary for unconventional gas development.The Special Fund includes supportive reward for hydropower efficiency expansion and transformation in rural area, subsidiary for unconventional natural gas development and will be effective during 2019-2023.According to MOF, the Special Fund will support unconventional gas exploitation and utilization including coalbed methan, shale gas and tight gas. The production amou

Gas replacing coal in southern Xinjiang

The Tarim Oilfield in northwest China's Xinjiang Uygur Autonomous Region had sent 33.2 billion cubic meters of natural gas to the southern part of the region by May, benefiting 4 million local residents.This amount of natural gas can replace 43.16 million tonnes of standard coal, which is equivalent to a reduction of 29.88 million tonnes of harmful emissions, said PetroChina Tarim Oilfield Company Saturday.A natural gas network around the Tarim Basin has been built with four main pipelines and 19 branch lines with total length of more than 2,400 km in operation since 2013.As one of China's lar

Top
Message

Please leave your comment

Name*
Tel*
Email*
Company*
Message*
提交