China’s Unconventional Natural Gas Output to Double by 2020, Says Wood Mackenzie

摘要

China’s unconventional natural gas production has undergone significant progress in the past 10 years, increasing to nearly 600 wells and 9 bcm (317.8 Bcf) of production in 2017, and output is likely to double to 17 bcm (600 Bcf) in 2020, according to Wood Mackenzie. Two state-owned operators, China Petroleum and Chemical Corp., aka Sinopec, and PetroChina Co. Ltd. are drilling unconventional wells in the mountainous area of the Sichuan Basin. Sinopec is drilling wells in the Fuling development, while PetroChina has two projects underway, Changning-Weiyuan and Zhaotong.