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China's fledgling shale gas business struggling.

2018-02-13

Sinopec Vice President Ma Yongsheng said that the company's shale gas sector is barely breaking even. Production costs at its Fuling project are 1.1 yuan (18.0¢)/m3. Fuling accounted for around 66% of China's 9B m3 (318B cf) of shale production last year. Total natural gas output in the country approached 150B m3 (5 trillion cf) in 2017. (Feb 1)


Source: Worldwide Refining Business Digest Weekly.e, February 12, 2018.


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