Advertisement
News

53 billion cubic meters of shale gas was extracted in 10 years in China

In China, 53 billion cubic meters of gas was extracted from the Fuling shale gas field in 10 years.

It has been reported that 53 billion cubic meters of gas was extracted in 10 years from the Fuling shale gas field in the city of Chongqing in southwest China.

Advertisement

According to the news of the Xinhua agency, 897.5 billion cubic meters of proven reserves have been found in the field since its discovery in 2012. 53 billion cubic meters of shale gas has been extracted from the field so far. Annual production at the site, which was 142 million cubic meters in 2013, reached 8.5 billion cubic meters in 2021.

Producing more than 20 million cubic meters of shale gas per day, the Fuling field supplies gas to more than 70 cities in the Yangzi River Economic Belt.

The Chinese oil company Sinopec, which operates the field, aims to increase proven reserves to 1 trillion cubic meters and annual production to 10 billion cubic meters.

In the first 6 months of the year, an additional 46 wells were drilled to the existing 650 wells in the field, while production increased by 1.9 percent on an annual basis.

 

Advertisement

According to the US Energy Information Administration (EIA), China is estimated to have the world’s largest shale gas reserves with 31.6 trillion cubic meters.

There are rich shale gas reserves in the Tarim Basin in the Sichuan province in the southwest of the country, in the Xinjiang Uyghur Autonomous Region in the northwest, and in the Yangzi River Delta, which also includes Chongqing.

Advertisement

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button