Royal Dutch Shell Plc has found shale gas in China, a development that could cap imports in a market natural gas producers are hoping will drive demand. An official with Shell's partner, PetroChina , a ...
China, consuming energy at the fastest pace among major economies, has set ambitious targets to exploit its reservoirs of shale gas, the same fuel the U.S. touts as the means to energy independence. It won’t meet them.
Gleb Garanich/ReutersChina has become the usual suspect when it comes to commodity prices. Whether it’s crude oil or copper, LNG or gold, China is almost invariably the first place everyone looks for an explanation as to why prices are up or down. Now Asia’s largest economy is on its way to swing the international gas market, and swing it big.
Emerging Money submits:Chinese energy producers are courting foreign companies for their expertise in extracting natural gas from shale, in what may be larger reserves than what has been found in the U.S.
Submitted by Andy Tully via OilPrice.com, Ben van Beurden, the CEO of Royal Dutch Shell, and one of his senior executives envision low oil prices for some time unless energy producers cut production and the demand for fuel doesn’t rebound.
The United States is set to grab the first and biggest chunk of unfilled extra Asian demand for shipped gas between now and 2025 with help from a widened Panama Canal and prices that rivals could struggle to match.
A surge in U.S. natural gas production thanks to the shale revolution means proposed new liquefied natural gas (LNG) projects in Australia, East Africa, Canada and Russia can no longer count on exporting to the United States and will now have to focus more on sales to Asia.
CALGARY – China’s CNOOC Ltd. has plunked down $12-million with the British Columbia government to secure lands for a potential liquefied natural gas plant on Canada’s West Coast, in the latest move by a state-owned energy company doubling down on the province’s gas resources.