PetroChina Aims to Meet a Third of China's Shale Gas Target by 2020
Source: Reuters 1/27/2017, Location: Asia
China's biggest energy giant PetroChina plans to step up shale gas development in Sichuan province this year, aiming to meet a third of a 2020 government target for the unconventional resource, according to state media and a government official.
News agency Xinhua reported on Wednesday that PetroChina will step up drilling in southern parts of Sichuan province, China's top gas-producing region and a key area for early shale gas development.
PetroChina's plan to build 10 billion cubic metres (bcm) of shale gas output capacity by 2020 in Sichuan province would represent a third of Beijing's production target for the resource that year.