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China's CNPC eyes 500 mcm shale gas output by 2015

Mon, 07/05/2010 - 8:27am
Reuters

BEIJING (Reuters) - State-owned China National Petroleum Corporation (CNPC) aims to produce 500 million cubic metres (mcm) of shale gas by 2015, a company executive said in an article published on Sunday.

China does not have any shale gas production and evaluation of the potential resources is only at a preliminary stage, Deputy General Manager Liao Yongyuan said.

The largest oil and gas producer in China will also focus on developing ethanol that comes from non-grain crops and raise its ethanol supply capacity, including both production and imports, to 3 million tonnes a year by 2015, Liao said in the Study Times, a Communist Party newspaper.

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