PetroChina focuses on shale production

摘要

Hong Kong—Chinese state-owned PetroChina expects shale gas to ultimately account for about 20% of its total gas production and is accelerating plans to further exploit its domestic resources. Speaking at a press conference to discuss its interim results Thursday, company president Wang Dongjin said its total unconventional gas production is forecast to reach 27.8 billion cu m/year (2.7 Bcf/d) by 2015. This volume would include tight gas, coalbed methane and shale gas, which is expected to reach 1.5 Bcm/year by 2015.