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?
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?