• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 11 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 8 days The United States produced more crude oil than any nation, at any time.
  • 2 days e-truck insanity
  • 7 days How Far Have We Really Gotten With Alternative Energy
  • 8 days China deletes leaked stats showing plunging birth rate for 2023
  • 9 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 6 days Bad news for e-cars keeps coming
Georgia Explores Closer Ties with Iran as Western Alliances Fray

Georgia Explores Closer Ties with Iran as Western Alliances Fray

Georgia's Prime Minister Irakli Kobakhidze's…

Why the US Should Consider Adopting Australia's Natural Gas Strategy

Why the US Should Consider Adopting Australia's Natural Gas Strategy

Australia's Future Gas Strategy provides…

China finds gas field with 100 billion accessible cubic meters

China’s Xinhua news service is reporting the discovery of a large natural gas field in the Guizhou Province, located in the southwest part of the country.

According to the country’s Ministry of Land and Resources’ CGS, geologists located four layers of shale gas at Anye Well 1 in Zunyi. Tests in one layer found a steady output of 100,000 cubic meters of gas per day. The CGS said that the amount of accessible gas is around 100 billion cubic meters.

The CGS added that the reserves there could meet the residential, industrial and agricultural needs of approximately 10 million people in the region.

The demand for natural gas in China saw an upswing earlier this year on the heels of price cuts for the fuel, which drew off customers for coal. The government adjusted gas prices twice in 2015 with the goal of stimulating demand for natural gas and to accelerate the country’s move from coal. Coal accounts for 64 percent of China’s energy.

Demand for natural gas led to the country increasing its first two shipments by 14 percent in 2015. During that year, China used 35 percent more gas than had been predicted by the EIA’s International Energy Outlook for 2010.

Forbes notes that gas remains the country’s fastest-growing fuel. Demand has quadrupled in the last ten years. The country’s Five Year Plan calls for the replacement of coal in non-power sectors with gas and electricity. According to Forbes, The Party is seeking to increase natural gas to 10 percent of the country’s energy portfolio.

Lincoln Brown for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment
  • Roland on July 08 2016 said:
    Compare: 100bcm recoverable for this field, versus 35tcf for Gorgon. 35cf in a cubic meter, so it's 10:1. That big gas pipeline from Siberia that crosses the Amur river will probably still be needed.

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News