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Frank Ing Shali, chairman of Pacific Energy Development Corporation, said that since 1982, the United States has maintained its position as the world's largest importer, but China has changed from an exporter to the world's second largest importer. At the same time, in 2011 China has surpassed the United States to become the world's largest energy consumer. "The development of shale gas will bring more opportunities to China." Frank said that he expects Chinese shale gas to be self-sufficient like the United States.
Robert Holmitz, deputy secretary of state for economics, energy and agriculture at the US State Department, believes that North American shale gas and shale oil results can be replicated in other countries. The development of shale gas in the United States is mainly due to its abundant resources, while China also has shale gas resources.
Ren Keying, Chairman and Chief Executive Officer of Bank of America Merrill Lynch China, said: "The future of China's shale gas should be very bright." According to relevant reports, China's shale gas recoverable resources are 1275 trillion cubic feet (36 trillion cubic meters). Ren Keying said that this figure is equivalent to the US reserves and hopes that the government will strongly support development and pricing mechanisms.
Zhang Guobao, director of the China National Energy Commission's expert advisory committee, also said that the biggest advantage of China's shale gas is its abundant reserves.
Although China's shale gas reserves have been affirmed by many parties, Chinese energy experts also admit that China is "constrained" in shale gas mining.
Gao Zimin, secretary of the Party Committee of Shenzhen Energy Group Co., Ltd. and vice president of the China Entrepreneur Association, said: “Replicating the development of shale gas in the United States is not so easy.†He said that due to the influence of the Himalayas, the geological distribution conditions of China’s shale gas The United States is complicated, in addition to the need to consider the use of water and land resources, Zhang Guobao frankly, China's shale gas is buried deeper than the United States, and further research and investigation will be carried out in the future.
In mining technology, David Sandro, Deputy Secretary of the US Department of Energy and Assistant Secretary of Policy International Affairs, said that American technology companies are willing to come to China.
In terms of funds, Zhang Guobao said: "This is not a major problem. China's energy companies are relatively abundant, and private enterprises are also involved."
2013 Boao Forum: China's shale gas advantages and constraints coexist
Abstract The sub-forum of the 2013 Annual Meeting of the Boao Forum for Asia, “Shale Gas Revolution: A New Force to Change the Pattern of Supply and Demand†was held. Energy giants and Chinese energy experts have voiced their voices and expressed their optimism about China's shale gas development. Frank Inge, Chairman of Pacific Energy Development Corporation
The sub-forum of the 2013 Annual Meeting of the Boao Forum for Asia, “Shale Gas Revolution: A New Force to Change the Pattern of Supply and Demand†was held recently. Energy giants and Chinese energy experts have voiced their voices and expressed their optimism about China's shale gas development.