China to accelerate shale gas exploration
China's Ministry of Land and Resources (MLR) said on Sunday that the country will increase efforts to explore shale gas, a move expected to help restructure the country's energy supplies.
The government will strengthen the survey and appraisal of shale gas this year to speed up the development of the shale gas industry, MLR vice minister Wang Min said at a national geological survey conference.
China has a rich reserve of shale gas resource, which is estimated at 31 trillion cubic meters. If developed properly, the country's shale gas output will exceed 100 billion cubic meters in 2020, Wang said.
Currently, China has no commercial shale gas production, but shale gas has become an increasing important source of natural gas in the United States and Canada.
The MLR said in December that it will formulate a series of supporting policies to bring in diversified investment in shale gas exploration to push forward large-scale extraction of the resource.