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    China's Shale Gas Reserves Rise Sharply

Summary

China’s shale gas reserves have topped 1 trillion m3.

by: Shardul Sharma

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Natural Gas News, Asia/Oceania, Security of Supply, Corporate, Exploration & Production, Shale Gas , News By Country, China

China's Shale Gas Reserves Rise Sharply

China’s technically recoverable shale gas reserves increased by 62% year on year to reach 916.8bn m3 by end-2017, its natural resources ministry said July 10. As of April 2018, reserves exceeded 1 trillion m3.

The ministry said that two shale gas fields found last year were estimated to have reserves of more than 100bn m3 each. Since 2014 a total of four shale gas fields have been discovered in the Sichuan basin: Fuling, Weiyuan, Changning and Weirong.

Fuling field, operated by Sinopec is the most prominent one as it produced 6bn m3 of shale gas, up 20% year on year. 

China’s coalbed methane (CBM) reserves, in contrast, declined: at end-2017, China’s CBM reserves had fallen to 10.5bn m3 from 127.4bn m3 a year ago, the ministry said.