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China’s Shale Gas Extraction: Economist

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发表于 8-30-2014 12:33:18 | 显示全部楼层 |阅读模式
Natural gas in China | Shale Game; China drastically reduces its ambitions to be a big shale-gas producer. Economist, Aug 30, 2014.
www.economist.com/news/business/ ... producer-shale-game

Quote:

"American shale seams are mostly found in easily accessible areas at quite shallow depths, and formed of rock that is easy to fracture. China’s are mostly deeper, often in inhospitable areas, and made up of rock that resists American fracking techniques. Worse, some of the biggest reserves are in regions, such as Sichuan province, that have been convulsed by seismic activity or are short of water, making fracking even tougher.

"Hardly surprising, then, that in May China signed a $400-billion deal with Russia’s Gazprom to import 38 billion cubic metres of natural gas a year over the next three decades. That gas, figuratively if not yet literally, really is in the pipeline.

Note: The short report is not saying anything we do not know. There is no need to read the other half of the report.
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