AirRodgers
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China have the world largest Shale gas reserve plus the best civil engineer skill around will frack more shale gas than the US within the next 10 to 15 years if not sooner.. China ability to cut cost will help it achieve fracking at a more profitable rate than the US or Canada.
http://www.reuters.com/article/2013/10/28/us-china-shale-sinopec-idUSBRE99R0G720131028
China holds the world’s largest potentially recoverable reserves of shale gas, according to the EIA. China’s possesses estimated reserves of 1,115 trillion cubic feet versus 665 trillion cubic feet for the US.
http://www.reuters.com/article/2013/10/28/us-china-shale-sinopec-idUSBRE99R0G720131028
Six of the wells are pumping a daily combined rate of 1.06 millioncubicmeters of gas, according to state media and the Sinopec official, or an average of nearly 180,000 cubic meters per well.
They are among the most prolific of the total of around 150 wells Chinese companies have sunk over the past three years in pilot explorations. That has led the operator to target an annual production capacity to be built at the field of 5 billioncubicmeters (bcm) by the end of 2015, the source said.
That would dwarf company estimates reported by local media in July of around 2 bcm for the whole of Sinopec's shale output by 2015, and would be 100 times greater than China's estimated output last year of just over 50 million cubic meters from all test drilling at shale formations.
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