Home / Oil & Energy / General Energy News / China’s Guizhou province sets shale gas target for 2025

China’s Guizhou province sets shale gas target for 2025

China’s southwestern province of Guizhou has set up its shale gas development plan for 2025, aiming for 1.2 billion cubic metres (bcm) of production by then, state news agency Xinhua reported on Wednesday

* Citing a provincial government document, the report said Guizhou aims for proven shale gas reserves of 50 bcm and build an annual production capacity of 2 bcm by 2025

* Key production blocks include Zheng An and Xishui, while exploration work will be focused on Daozhen, Tongzi and Cengong blocks

* Provincial government-backed Wujiang Energy Group and Sinopec Corp will be the main firms developing the gas blocks

* China produced 10.9 bcm shale gas in 2018, less than 7% of national total gas output

* Landlocked Guizhou province, one of the country’s poorest, has few indigenous oil and gas producing assets, having relied on neighbouring regions for supplies of fuels
Source: Reuters (Reporting by Chen Aizhu; Editing by Shounak Dasgupta)

Recent Videos

Hellenic Shipping News Worldwide Online Daily Newspaper on Hellenic and International Shipping