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Can China deliver a shale gas boom by 2020?

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Summary

You may not have noticed, but the Chinese NOCs have carved out a 9-bcm (870-mmcfd) shale gas business without any help from the world's top unconventional companies. But despite this, the NOCs are under considerable pressure to more than triple that to 30 bcm (2.9 bcfd) in just three years. Can they do it? Its important not only due to the impact the new supply will have on China's domestic gas market, but also how that affects China's gas demand on the global market. If the target can't be reached – and we feel it won't – what will fill the gap?

What's included

This report contains 9 images and 9 pages

  • Document

    Can China deliver a shale gas boom by 2020?

    PDF 1.32 MB

Why buy this report?

In this report, we look at how China can achieve the ambitious shale gas targets set by the government.  We dig into the current gas shortage in China and what that means for the future of shale gas and LNG, looking at a few key questions:

  • Can China acheive it's 30 bcm shale gas targets and if not, how short will it fall?
  • Why are Chinese NOCs dominating the shale gas production market?
  • How is Chinese shale gas unique from other shale gas producers?
  • Are there enough recoverable resources to accelerate drilling?

Table of contents

Tables and charts

This report includes 9 images and tables including:

Images

  • Design and cost comparison for a typical well in China and the US
  • NOCs' spending on domestic gas projects
  • NPV/well and cost comparison in Fuling
  • China gas supply-demand balance 2017 vs 2020
  • Shale gas projects in the Sichuan Basin
  • Historical shale gas production and well number
  • Can China deliver a shale gas boom by 2020?: Image 3
  • Can China deliver a shale gas boom by 2020?: Image 4
  • China shale gas production outlook – hitting 30 bcm requires a big jump in future well count

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