China to Develop Unconventional Gas Sources
China will start developing unconventional gas sources such as shale gas over the next 10 years to fuel its economy, possibly bringing down global liquefied petroleum gas prices, according to Gavin Thompson, China gas research director with the UK-based consultancy Wood Mackenzie.
The country's move to the alternative gas source has been brought about due to the declining production of normal gas sources.
According to Reuters, China, the world’s largest coal producer, has approached Myanmar, Russia, and its Central Asian neighbours about purchasing more unconventional gases.
Unconventional gas
Unconventional gas sources are expected to meet 15pc of China's forecast domestic supply, or 10pc of demand, by 2020.
China is both the world's largest emitter of greenhouse gasses and producers of renewable energy.
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