Здравствуйте. Вся информация этого сайта бесплатна. Вы можете сделать пожертвование и поддержать наше развитие. Спасибо.

Hello. All information of this site is free of charge. You can make a donation and support our development. Thank you.

2016-11-07 18:45:00

CHINA'S SHALE GAS UP

CHINA'S SHALE GAS UP

 

china shale gas map

According to OGJSinopec Ltd. reported that Fuling shale gas field in southwestern China produced a cumulative 3.76 billion cu m of gas from January to September. The 107% increase in production was accompanied by additional processing capacity of 5.5-6.5 bcm, the company said. In 2014, Sinopec announced plans to bring production capacity to 10 bcm/year by 2017.

At the time, Fuling field processing capacity was 0.6 bcm/year with 21 shale gas wells. While the operator has continued drilling new wells, no number was associated with the press release. Fuling field has reserves of 2.1 trillion cu m located at depths less than 4,500 m.

PetroChina Co. Ltd.'s Changning-Weiyuan block in China's Sichuan province has produced more than 1.8 bcm of shale gas as October, surpassing the 2016 target of 1.5 bcm. The operator expects the block's full-year shale gas output to reach 2.1 bcm, China National Petroleum Corp. (CNPC), PetroChina's parent company, said in a statement Oct. 25. The block has 107 production wells with an annual production capacity of 2.5 bcm.

The US Energy Information Administration estimates that China contains the largest technically recoverable shale gas reserves in the world—1,115 tcf as of September 2015 (OGJ Online, Sep. 1, 2016). State-owned companies, namely CNPC and Sinopec Ltd., own the vast majority of the country's shale gas resources, EIA noted.

Sinopec's Fuling block and CNPC's Changning-Weiyuan block in the Sichuan basin, expanded China's shale gas production fivefold during 2013-14 to 46 bcf/year (1.3 bcm/year).

China's Ministry of Land and Resources said the nation's shale gas output in 2015 reached 4.47 bcm, an increase of 258.5% year-on-year. The ministry cited that last year's production missed a government target of 6.5 bcm.

-----

Earlier: 

CHINA'S GASOIL RECORD 

CHINA OIL IMPORTS UP 

CHINA'S OIL PRODUCTION DOWN BY 10% 

CHEVRON'S LNG FOR CHINA 

THE LARGEST LNG IMPORTERS

 

 

 

Tags: CHINA, SHALE, GAS, PRODUCTION

Chronicle:

CHINA'S SHALE GAS UP
2018, June, 22, 13:10:00

THE LARGEST VENEZUELA'S OIL

U.S. EIA - Venezuela holds the largest oil reserves in the world, in large part because of the heavy oil reserves in the Orinoco Oil Basin. In addition to oil reserves, Venezuela has sizeable natural gas reserves, although the development of natural gas lags significantly behind that of oil. However, in the wake of political and economic instability in the country, crude oil production has dramatically decreased, reaching a multi-decades low in mid-2018.

CHINA'S SHALE GAS UP
2018, June, 22, 13:05:00

U.S. DEFICIT UP FROM $116.1 BLN TO $124.1 BLN

U.S. BEA - The U.S. current-account deficit increased to $124.1 billion (preliminary) in the first quarter of 2018 from $116.1 billion (revised) in the fourth quarter of 2017, according to statistics released by the Bureau of Economic Analysis (BEA). The deficit was 2.5 percent of current-dollar gross domestic product (GDP) in the first quarter, up from 2.4 percent in the fourth quarter.

CHINA'S SHALE GAS UP
2018, June, 22, 13:00:00

EUROPE'S NUCLEAR INVESTMENT : €50 BLN

WNN - There are 126 operational power reactors in 14 EU Member States, providing more than one-quarter of the bloc's total electricity production. In its Communication on the Nuclear Illustrative Program (PINC) published last year, the European Commission expects nuclear to maintain its significant role in Europe's energy mix up to 2050. This would require investment of some EUR40-50 billion (USD46-58 billion) in nuclear LTO by 2050.

CHINA'S SHALE GAS UP
2018, June, 20, 13:15:00

OIL PRICE: ABOVE $75

REUTERS - Benchmark Brent crude LCOc1 was up 50 cents at $75.58 a barrel by 0835 GMT. U.S. light crude CLc1 was 50 cents higher at $65.57.

All Publications »