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China Daily | Updated: 2016-08-17 08:03

Govts & policies

Nation 'to become 2nd largest shale producer'

China is expected to produce more than 566 million cubic meters of shale gas per day by 2040, becoming the world's second-largest producer after the United States, said the US Energy Information Administration on Monday. The production will account for more than 40 percent of the country's total natural gas production by 2040, the EIA predicted. In the past five years, China drilled more than 600 shale gas wells and produced 14.16 million cu m of shale gas as of 2015, said the EIA.

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