1. Text: | Print|

      BP aims for involvement in shale gas

      2013-12-21 12:14 China Daily Web Editor: Mo Hong'e
      1
      China Petrochemical Corp employees at a shale gas production site in Lianyuan, Hunan province. [Photo by Guo Guoquan / China Daily]

      China Petrochemical Corp employees at a shale gas production site in Lianyuan, Hunan province. [Photo by Guo Guoquan / China Daily]

      BP Plc wants to work with Chinese companies to explore the country's vast reserves of shale gas, in hopes that the government will give direct access to more private enterprises and foreign companies in the sector.

      "China is estimated to have the world's largest potential reserves of shale gas... It's an exciting market, but BP's shale gas development has yet to enter the commercialization phase," Chen Liming, president of BP China, said.

      "BP has rich exploration experience in unconventional resources in North America, so we hope to use that expertise to join China's development of shale gas."

      But he also noted that China's shale gas sector is unlikely to duplicate the success seen in the United States because of different geological conditions and technological challenges.

      "The biggest challenge facing China's shale gas development is that most of the mining rights are held by State-owned oil giants," Chen said. "Meanwhile, China also needs more policy support, including a pricing mechanism for shale gas", he added.

      In its latest energy outlook, BP said Northern American markets would dominate production of unconventional gas over the next two decades.

      China possesses the biggest shale potential outside the US, representing huge opportunities for shale developers.

      Chen said BP is also looking to supply liquefied natural gas cargoes to the Chinese market, and the company also wants to explore further cooperation with Chinese oil companies for onshore and offshore exploration.

      Since 2010, BP has been working with a subsidiary of China Petrochemical Corp (known as Sinopec) to explore shale gas in the southwest province of Guizhou, the People's Daily has reported.

      As part of its drive to reduce reliance on coal and cut air pollution, China is supporting the shale gas industry. Experts believe that shale gas represents a breakthrough in the reform of the nation's energy picture.

      A planned third round of shale gas bidding is likely to start soon, a source at the Ministry of Land and Resources said. The source added that a draft of shale gas reserve evaluation standards is nearly completed and will be released within weeks.

      So far, the ministry has held two rounds of open tenders for shale gas, marking the start of commercial exploration. But exploration is taking longer than expected.

      According to the China Geological Survey, the winning companies' actual exploration work on areas won in the second round of bidding, held in 2012, has been much less than expected. Only 46 percent of the area awarded has been explored so far.

      Two Chinese private companies, along with 14 State-owned enterprises, won areas in the second round of bidding for exploration rights.

      In first round, held in 2011, only China National Petroleum Corp and Henan Provincial Coal Seam Gas Development and Utilization Co Ltd entered successful bids.

      Comments (0)
      Most popular in 24h
        Archived Content
      Media partners:

      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.

      主站蜘蛛池模板: 国产免费av一区二区三区| 国产三级免费观看| 亚洲av无码专区在线播放| 一级一级一片免费高清| 免费中文字幕在线| h片在线播放免费高清| 亚洲熟妇中文字幕五十中出| 亚洲av中文无码乱人伦在线r▽| 国内精品99亚洲免费高清| 亚洲乱码无码永久不卡在线| 男女午夜24式免费视频| 久久精品国产精品亚洲艾草网| 久久伊人免费视频| 亚洲天堂福利视频| 成年女人毛片免费播放人| 亚洲日产乱码一二三区别| 国产高清在线免费视频| 视频免费1区二区三区| 亚洲午夜福利在线观看| 久久久精品2019免费观看| 亚洲日韩国产精品乱-久| 免费在线观看黄色毛片| 美女网站在线观看视频免费的| 国产卡二卡三卡四卡免费网址 | 亚洲免费闲人蜜桃| 成人看的午夜免费毛片| 暖暖免费中文在线日本| 久久精品亚洲日本佐佐木明希| 99re在线精品视频免费| 亚洲日韩乱码中文字幕| 国内精品99亚洲免费高清| 亚洲国产成人精品无码区二本| 免费国产成人高清视频网站| 色播在线永久免费视频网站| 亚洲视频一区网站| 成人无码a级毛片免费| 亚洲H在线播放在线观看H| 精品女同一区二区三区免费站| 亚洲av无码成人精品国产| 亚洲狠狠婷婷综合久久久久| 在线观看视频免费完整版 |