久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

US EUROPE AFRICA ASIA 中文
Business / Industries

China to push ahead with shale gas exploration

(Agencies) Updated: 2015-11-16 07:41

China to push ahead with shale gas exploration

Workers install a gas pressure test device at a shale gas field in Yibin, Sichuan province. [Photo provided to China Daily]

China is poised to open up shale gas exploration even as the appetite for producing the fuel ebbs amid a global glut and a plunge in energy prices.

The Ministry of Land and Resources may announce details of the third round of shale gas auctions within two months, Guo Jiaofeng, a researcher at the Development Research Center of the State Council, a government think tank, said in an interview in Chengdu, Sichuan province.

An announcement is expected by the end of the year. The new blocks will be offered as interest in exploring China's shale potential has cooled amid falling prices and the country's challenging geology. Brent, the benchmark for more than half of the world's crude trading, has fallen more than 40 percent in the past year, pulling gas prices down with it.

The government is trying to lure more private companies in the next bid round as part of broader reforms of an industry dominated by State-run giants.

"It may not be the best time for private companies to bid for shale parcels," He Sha, a professor at Southwest Petroleum University, said.

"Falling oil prices, shrinking government subsidies and a lack of technology, among other things, will hurt private companies' chances to succeed in shale gas exploration."

China will cut subsidies for shale gas developers from 2016 to 2020 even as the country encourages explorers to produce more natural gas as a replacement for coal.

Shale gas subsidies will be reduced to 0.3 yuan ($0.05) per cubic meter from 2016 to 2018 and further to 0.2 yuan from 2019 to 2020 from 0.4 yuan currently, China's finance ministry said in April.

The oil and gas research center at the China Geological Survey, an affiliate of the ministry, has selected 40 parcels in northern and southern China and submitted the list to the land regulator for auction, Guo Tianxu, an engineer at the center, said.

The ministry may select more than 20 parcels from the list for the auction, he said. China last held shale gas auctions in 2012 when it awarded 19 blocks to companies, including coal producer Shenhua Group Corp and power generator China Huadian Corp.

None of the blocks offered then have yielded producing assets. PetroChina Co and China Petroleum & Chemical Corp, the country's largest and second-largest explorers, began major commercial shale gas production in 2013 at parcels allocated to them in Sichuan and Chongqing.

This year, ConocoPhillips ended talks with PetroChina on a shale gas development in Sichuan after a two-year study. China Petroleum, or Sinopec, is the country's biggest shale gas producer. Its Fuling field in Chongqing generates more than 10 million cubic meters a day.

The country's total proven shale gas reserves are estimated at 500 billion cubic meters, according to the Chinese Academy of Engineering.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 亚洲高清国产品国语在线观看 | 一区二区在线免费视频 | 欧美成人三级大全 | 欧美韩国日本在线 | 免费国产成人高清在线观看不卡 | 欧美一级xxxx俄罗斯一级 | 中文字幕精品一区二区精品 | 国产福利精品在线观看 | 99福利资源久久福利资源 | 欧美成人一区二区三区 | 香蕉视频在线观看黄 | 欧美高清视频在线观看 | 亚洲一区视频在线播放 | 欧美日韩一区二区三区视频在线观看 | 亚洲成人一级片 | 国产成人久久精品 | 99视频久久精品久久 | 亚洲欧美二区三区久本道 | 日韩在线 中文字幕 | 黄色美女免费 | 国产91成人 | 日本一级特黄a大片 | 亚洲国产精品久久久久 | 国产精品日韩欧美一区二区三区 | 亚洲国产精品第一区二区三区 | 色综合久久88色综合天天提莫 | 国产91一区二这在线播放 | 久久久www成人免费精品 | 日韩精品在线一区 | 日本激情视频在线观看 | 欧美视频在线观看网站 | 草草影院在线观看 | 亚洲成a人片在线网站 | 国产一区二区三区四区波多野结衣 | 奇米888四色在线精品 | 国产成人免费片在线视频观看 | 男女上下爽无遮挡午夜免费视频 | 九九在线精品视频xxx | 在线播放人成午夜免费视频 | 国产成人精品日本亚洲网址 | 东京一区二区三区高清视频 |