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Follow on Google News | Shale Gas Will Have Multi Dimensional Effects On China Energy SectorInnumerable reports have suggested that China is sitting on largest technically recoverable shale gas reserve.
By: KuicK Research Innumerable reports have suggested that China is sitting on the world’s largest technically recoverable shale gas reserve. Chinese shale gas estimates surpass even that of North America and will be sufficient for the next 60 years at the current Reserve to Production (R/P) ratio. In March 2012, China claimed to have found the world’s biggest shale gas reserve which, according to the Chinese resources ministry, is in the Sichuan province and holds upto 25.1 Trillion Cubic Meters or 886.3 Trillion Cubic Feet. The Tarim basin in the west is also rich in shale gas and is estimated to have about 389 tcf. Onshore shale gas is mainly in the Bohai Bay, Junggar, Tuha, Ordos and Quaidam basins and covers an approximate area of 25,000 square kilometers. In northern China, sea – land shale gas covers about 15,000 kilometers. But the biggest reserves lie under Chinese waters, about 75,000 kilometers in Southern, northern and the Tarim basin. Although shale gas is still in exploratory phase in China being led by Sinopec, they plan to start production by 2013 and considerable production by 2015 with an aim of taking a major jump in 2020. Chinese government has even started twisting its own laws to encourage foreign shale gas E&P companies to partner with Chinese companies or even drill independently. One such deal has already been signed between China National Petroleum Corporation and Royal Dutch Shell to develop a shale gas block. “China Shale Gas Market Analysis” research report is a detailed study of the factors that will be instrumental in giving China the much required thrust to its economy through shale gas development. The report gives a balanced future scenario of the Chinese shale gas market with the possibilities of high, medium and low production, giving the reader an insight into the market as the future case may be. It also gives the companies involved in shale gas development in China, led by Sinopec that will play the major role in making it a runaway success, much on the lines of the US. The report also takes a look at the political, social and economic factors that might affect shale gas development in the country and also provides a sneak peek into the technological advancements that are required by China. The report is a comprehensive read covering all aspects of Chinese shale gas development and showing the imminent path that the shale gas will take in China. Table of Contents 1. Executive Summary 2. China Shale Gas Reserves 2.1 Comparison of Chinese & U.S Shale Gas Reserves 3. Shale Gas Investments in China 3.1 Foreign Partnerships 3.2 Domestic Investment 3.3 Auction of Shale Gas Blocks 4. Regulatory & Policy Framework 4.1 Bidding the Shale Gas Blocks 4.2 Shale Gas Declared as Independent Resource 4.3 Liberalized Pricing 5. 12th Five-Year Development Plan for Shale Gas 5.1 Completion of Nationwide Shale Gas Survey & Production Estimates 5.2 Development of Methods, Technologies, Equipment and Technical Standards 5.3 Incentives & Infrastructure Improvement 6. Shale Gas Opportunities & Challenges in China 7. Future Outlook For Shale Gas Exploration & Production 7.1 Demand and Supply Scenario 7.2 Increased Foreign Participation 7.3 Technical Advancement 8. PEST Analysis 8.1 Political Factors 8.2 Economic Factors 8.3 Social Factors 8.4 Technological Factors 9. Technologies For Shale Gas Exploration 9.1 Horizontal Drilling 9.2 Hydraulic Fracturing 9.3 Measurement While Drilling (MWD) Tools and Logging While Drilling (LWD) Tools 9.4 Pad Drilling 10. Competitive Landscape 10.1 Sinopec Group 10.2 China National Offshore Oil Corporation 10.3 China National Petroleum Corporation 10.4 Royal Dutch Shell For more information on report contact: Himanshu Chawla info@kuickresearch.com +91-11-47067990 End
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