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Sichuan gas sector boosted by China's first shale PSC

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Report summary

In March 2013, China approved a Production Sharing Contract (PSC) between CNPC and Shell for shale gas development in the Fushun-Yongchuan block in Sichuan province. This is the first shale PSC to be concluded in China, marking a milestone for foreign investors in the nascent shale sector. The approval of the PSC positions the Sichuan basin at the centre of China's efforts to establish its domestic shale gas industry. While activity levels are now expected to significantly increase,...

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    Sichuan gas sector boosted by China's first shale PSC

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Table of contents

  • Fushun offers encouragement for Sichuan shale gas development
  • An important step forward for CNPC and China
  • but gas price reform still critical

Tables and charts

This report includes 2 images and tables including:

Images

  • Timeline of events for shale gas JSA and PSC agreements
  • China shale PSC and JSA locations

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