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China has set a goal of producing 6.5 billion cubic meters of shale gas a year by the end of 2015 as part of a five-year plan to increase the country's capacity to tap the unconventional resource, China's top energy authority said on Friday.
If the country by 2015 makes the technological innovations needed to better explore for and recover shale gas, its annual output of the resource is expected to increase to as much as 100 billion cu m by 2020, said Zhang Yuqing, head of the National Energy Administration's oil and gas department.
In early March, the Ministry of Land and Resources estimated that China has 25 trillion cu m of recoverable shale gas. The recoverable reserves of the gas are expected to reach 200 billion cu m by the end of 2015.