China’s production of shale gas is expected to hit 17 billion cubic metres (bcm) in 2020, thanks to developments in drilling technology and successful efforts to reduce costs, according to consultancy Wood Mackenzie. While the forecast is almost double the 2017 production output, it still falls short of Beijing’s 30 bcm goal, a target already more than halved since its introduction in Last year. 2012 China produced nine bcm of shale gas, 6% of its total gas output.
China’s production of shale gas is expected to hit 17 billion cubic metres (bcm) in 2020, thanks to developments in drilling technology and successful efforts to reduce costs, according to consultancy Wood Mackenzie. While the forecast is almost double the 2017 production output, it still falls short of Beijing’s 30 bcm goal, a target already more than halved since its introduction in 2012. Last year China produced nine bcm of shale gas, 6% of its total gas output.