China's Ambitions: Tapping the World's Largest Shale Reserves

China has become the world's largest natural gas importer, with significant shale gas reserves. However, extracting this gas is challenging due to the country's mountainous topography, unlike the flat plains in the US. The Chinese government has reduced resource taxes and provided subsidies to encourage production, but the future of these policies is uncertain. The Fuling Gas Field, operated by Sinopec, is a key project in China's shale gas development, with significant investments aimed at increasing output. Despite progress, China needs to find more fields like Fuling to meet its energy needs.

What are the main challenges China faces in extracting shale gas?

How does the topography of Sichuan province differ from Texas in terms of shale gas extraction?

What measures has the Chinese government taken to support shale gas production?

What is the significance of the Fuling Gas field in China's shale gas industry?

What are Sinopec's goals for shale gas production by 2020?