China To Double Shale Gas Output

China is on track to double its shale gas production to 17 billion cubic meters over the next three years, according to Wood Mackenzie analysts. 

In a note released yesterday and cited by Reuters, Wood Mac said China will add almost 700 new wells by 2020 at three large fields, two of them operated by PetroChina and one by Sinopec, all in northwestern China. The energy consultancy has estimated the combined investment in the new production capacity at US$5.5 billion.
- sources: oilprice.com, Reuters

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