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Can China deliver a shale gas boom by 2020?

26 March 2018

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26 March 2018

Can China deliver a shale gas boom by 2020?

Report 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?

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?

China shale gas: what you need to know
- It's unique – in both geology and business model
- The NOCs are winning so far
- Huge potential but it's still early days
How many wells are needed to hit the 2020 target?
- Commercial shale gas projects in the Sichuan Basin
How much will it cost to hit the 2020 target?
What if shale fails to deliver?

Tables and charts

This report includes 9 images and tables including:

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