China's Xinjiang Could Hold 109.6 bcm of Shale Gas Resources

Turpan-Hami basin in China’s Xinjiang region could hold an estimated 109.6 billion cubic meters (bcm) of shale gas resources, Xinhua Finance Agency reported Thursday.

Shale oil reserve around Junggar basin is forecast at 2.1 billion tons.

Xinjiang is one the most important gas producing region's in China. Region’s gas output is second only to Shaanxi province.

In December, Chinese state media reported that region’s four major fields Karamay, Tarim, Tuha and Tahe have yielded 30.05 bcm of natural gas as on December 23. The region accounts for more than 20 percent of the country's total output.

Estimates suggest the it has 14 trillion cubic meters of natural gas and 22.8 billion tons of oil.