China's Shale Gas Goals

Source: Reuters (8/24/10)

"China's target set to identify 50–80 shale gas prospects by 2020."

China last week launched its first national shale gas research centre to support the country's development of the fuel.

Encouraged by the boom in shale natural gas drilling in the United States and driven by recurring domestic gas shortages, China has fast-tracked plans to explore the unconventional fuel in its homeland.

Early 2010, a research arm of the Ministry of Land and Resources (MLR) set a target for the country to identify 50–80 shale gas prospects and 20–30 exploration and development blocks by 2020.

The Strategic Research Centre for Oil and Gas of MLR also set a goal to locate one trillion cubic meters of recoverable shale gas reserves, build 15–30 billion cubic meters of production capacity and produce 8%–12% of China's natural gas from shale gas wells by 2020.

MLR's targets can be a reference to the industry, dominated by power energy giants PetroChina and Sinopec Corp., each of which has set their own goals to develop the frontier resource.

State-owned China National Petroleum Corporation (CNPC), which runs most gas and oil businesses via listed PetroChina, aims to produce 500 million cubic meters (mcm) of shale gas by 2015, a deputy general manager said in July

Sinopec aims to have combined production capacity of 2.5 billion cubic meters of shale gas and coalbed methane gas by the end of 2015.

Major oil firms have just started evaluating potential shale gas deposits in parts of the country though some Chinese reports estimated that the country may hold up to 30 trillion cubic meters of shale gas resources.

Announcing Streetwise Live! Events
Source: Streetwise Reports (07/13/2020)

Streetwise Reports is offering 100 investors—at no charge—the opportunity to meet via Zoom with executives of precious metals companies as they discuss recent developments at their companies and upcoming catalysts.

"China's export quota could be opportunity for Canadian miners"

Mexico: Gold's Next Powerhouse Player
Source: Marc Davis, BNW News (11/03/2009)

As the world's key gold producing nations struggle mostly in vain to replenish dwindling below-ground supplies, Mexico is bucking the trend in a big way.

Where Have All the Gold Mines Gone?
Source: Brent Cook, Exploration Insights (04/14/2009)

Given the declining global gold production, mining companies’ demand for reserve replacement and the acute dearth of new gold discoveries, there is no doubt that real economic discoveries will be exceptionally valuable. . .the opportunity for stellar profits is the best it has probably ever been. Identifying the few successes, however, will require vigilant and constant technical assessment of geology and drill results, always with an eye to mine economics.

Congo Completes Mining Review, Says Majors Quit Talks
Source: Reuters (12/20/2008)

"Review process is extended an additional 45 days to allow six companies to return to the negotiating table for direct talks with government ministers."