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China is abundant in unconventional gas, and stunning growth of gas reserves and production therefore can be expected in foreseeable future because of the exploration and development of the gas. For the next 5 to 10 years, conventional gas will still dominate energy market but in a long run, its influence will weaken gradually as unconventional gas kicks in and expands. Though the exploration and development of unconventional gas in China is still at a very early stage, three Chinese oil majors have already assessed the resources, including tight gas, coal-bed methane, shale gas and gas hydrate.
China is abundant in unconventional gas, and stunning growth of gas reserves and production therefore can expected in foreseeable future because of exploration and development of the gas. For the next 5 to 10 years, conventional gas will still dominate energy market but in a though the exploration and development of unconventional gas in China is still at a very early stage, three Chinese oil majors have already assessed the resources, including tight gas, coal- bed methane, shale gas and gas hydrate.