June 2014

Misc

China: The next shale gas boom

The shale gas boom has largely been associated with North America. The luck of this region regarding shale gas is the result of 20 years of hard R&D efforts by Texas oilman George P. Mitchell and the ..

Romanow, Stephany, Hydrocarbon Processing Staff

The shale gas boom has largely been associated with North America. The luck of this region regarding shale gas is the result of 20 years of hard R&D efforts by Texas oilman George P. Mitchell and the access and rights to minerals by US landowners. Luck is often defined as preparation meeting opportunity. In this case, the hard work found the right economic conditions created by the North American shale phenomenon. However, shale gas is not restricted to this region; it is distributed across the world in 42 countries and territories. China holds the largest shale gas reserves with an estimated 1,115 Tcf. With a growing economy, China must develop energy sources from all of its hydrocarbons.

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