China’s land and resources ministry may lift the country’s shale gas production target for 2015 to 10bn m3/yr from 6.5bn m3/yr. But it has postponed the auction of a third round of shale gas development licences to March or April from January. The revised target reflects mounting optimism about the prospects for statecontrolled energy firm Sinopec’s shale gas pilot project at Fuling in Sichuan province, where it aims to produce 5bn m3/yr by 2015. Other output will mostly come from state-owned energy firm CNPC’s Changning-Weiyuan block and the Fushun-Yongchuan block, where CNPC subsidiary PetroChina and Shell have the country’s only shale gas production-sharing contract.
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