China's shale gas output to surge in 2014


(MENAFN) According to an energy expert prediction, China's shale gas production in 2014 will surpass 1.5 billion cubic meters, 7.5 times that of 2013, QNA reported.

China has seen dramatic growth in shale gas production since 2013. By of the end of July, the country had invested USD3.25 billion on exploiting 54 possible shale gas fields.

China has the largest recoverable reserves of shale gas in the world. As the world's largest energy user, it is looking to reduce its reliance on imported oil, coal and gas by tapping these rich shale reserves.


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.