2020, China plans to shale gas reserves of 1 trillion cubic meters mining

 Zhuangao Financial Network reporter ZHOU January 20, Ministry of Land and Oil and Gas Resources Strategic Research Center in 2011, Zhang Dawei, deputy director of unconventional natural gas summit China revealed that China plans to 2020, the domestic recoverable reserves of shale stability growth, up to 1 trillion cubic meters, the rapid growth of shale gas production to reach 8% of conventional natural gas production -12%, shale gas will become an important clean energy resources.
Dawei said that by 2020, a 50-80 in the national priority target areas and for facilitating the exploration and development 20-30. Shale gas, national energy strategy has placed an important position, is to accelerate research and development of shale gas development incentives.

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He said the pilot test area of shale gas temporarily located in Sichuan and Chongqing and Guizhou Hubei, Jiangsu, Zhejiang and northern re- area, Sichuan, Chongqing, Guizhou and Hubei in the region, set the southern Sichuan, southeast Sichuan, northern Guizhou, Chongqing and southeast, Chongqing northeast, eastern Sichuan, western Hubei East Chongqing 7 projects.

he said, according to expert estimates of recoverable shale gas resources in China is about 26 trillion cubic meters, roughly equivalent to the United States.

he said after the Spring Festival, China Land and Resources will start the first round tender to sell shale gas exploration blocks, a total of eight blocks for bidding, PetroChina, Sinopec, CNOOC and other 4 Company participation into the bidding.

he said, future national policies and measures in the shale gas will increase investment and encourage social capital investment; relief prospecting and mining rights fees; key equipment exempted from import taxes and tariffs; mined to give a fixed allowance; on the development and application of key technologies to give concessions. (Securities Market Weekly feed)