China's Guizhou Province Has 1.95 tcf of Recoverable Shale Gas Resources

China's Guizhou province has 1.95 trillion cubic meters (tcf) of recoverable shale gas resources, Xinhua Finance reported Monday citing a latest geological survey by local government.

Guizhou has 13.54 trillion cubic meters of shale gas resources with seven potential shale gas-bearing strata.

According to Xinhua Finance Guizhou would compile shale gas exploration and development plan and the provincial government has selected 17 favourable blocks for exploration.

China has been increasing investment in shale gas sector in an effort to commercialise the resources.

Recently, Guo Jiaofeng, a researcher with the Development Research Center of the State Council said that China's shale gas output is expected to top 5 billion cubic meters (bcm) in 2015.

By 2020, the shale gas output of the country is likely to exceed 30 bcm, accounting for 15 percent of China's total gas output, Jiaofeng said earlier this week.