PetroChina Looks To Double Shale Gas Output By 2025 ...Middle East

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PetroChina Looks To Double Shale Gas Output By 2025
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State energy giant PetroChina plans to increase the natural gas output from its shale operations in the Sichuan province twofold to over 22 billion cubic meters in the next five years, Reuters reported, citing state Chinese media. China has been looking to boost domestic natural gas production in the face of rising demand and with it, rising dependence on imports. Most recently, Beijing eased restrictions on foreign companies to invest in the country’s gas industry and offered subsidies for natural gas developments. The incentives include…

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