China Shale Gas Technology Sees Significant Localisation

China's has achieved significant level of localisation in shale gas exploration technology, according to Li Jinfa, an official with the Ministry of Land and Resources (MLR).

Speaking at the Shale Gas and Ecological Environment Forum held on Sunday, Li said that China has succeeded in indignation of technology such as geophysical, well drilling, fracturing and gas testing, Xinhua Finance reported.

He said that this has been made possible because National Development and Reform Commission (NDRC), the Ministry of Finance as well as the National Energy Administration have provided a series of supportive policies for shale gas exploration and development in recent years.

According to statistics from China Geological Survey, China added 106.75 billion cubic meters of proved shale gas reserve in 2014, and total shale gas output hit 1.3 billion cubic meters in the year.

China has set ambitious targets for shale gas production. Beijing aims to increase shale gas output to 30 billion cubic meters by 2020, according to Li.