Walking in the forefront of shale gas development in China, Chongqing, which wants to build “inland Saudi Arabia”, is attracting intense attention from global investors. On August 30, Chongqing Liangjiang New District and the United States Forbes Energy Group signed a cooperation framework agreement, the two sides intend to carry out strategic cooperation in shale gas development technology, key equipment manufacturing, **, market development and other aspects. This is a major bottleneck for Chongqing to break through the development of shale gas technology, develop shale gas equipment industry, build shale gas industry clusters, and promote energy security.

Around the development of the shale gas industry cluster, Liangjiang New Area and the United States Forbes Energy Group reached a preliminary strategic cooperation framework agreement. The two parties intend to establish a joint venture for shale gas development, introduce core technologies for shale gas development, promote the development of shale gas equipment manufacturing industries such as drilling and exploration equipment in the New District, and promote the Liangjiang New Area to become the main bearing platform for shale gas equipment manufacturing; Forbes Energy Group and Germany Wanjun Capital plan to register and establish private equity 3-5 billion US dollars in Liangjiang New District. Through the private equity investment enterprise platform, the company will assist domestic enterprises to introduce shale gas core technology and advance shale gas key. Well-known enterprises such as equipment manufacturing have settled in Liangjiang New District.

August 27-29, Deputy Director of the Party Committee of the Liangjiang New Area, Deputy Director Tang Zongwei of the Management Committee, Deputy Director of the Management Committee, Mr. Wei Weiqiang, Assistant Director of the Administrative Committee Fang Wenjie and other leaders of the New District and Forbes Energy Group, Germany Wan Jun Capital’s visiting senior management team conducted in-depth communication and field visits to the shale gas resource enrichment demonstration area. Just three days of Lightning's marriage and the agreement reached were mainly due to Forbes Energy Group's confidence in the development prospects of the shale gas industry and the excellent investment environment of the Liangjiang New Area. Abundant shale gas resources, huge market prospects, and ultimately contributed to the rapid marriage between the two sides.

Jeffery P, general manager of Forbes Energy Group Asia, USA. Gould said that the investment environment of Liangjiang New District is superior, the financial ecology is good, and the equipment manufacturing industry has a solid foundation. It has the advantage of undertaking and constructing a shale gas advanced equipment manufacturing base. The professional, practical, and efficient docking of Liangjiang Investment Team eventually leads to Forbes Energy. The group determined the determination of cooperation. Despite only three days, Forbes Energy Group in the United States has seen Chongqing’s broad prospects in the development of shale gas industry and is willing to work with Liangjiang New District to develop more environmentally friendly and green shale gas development technologies to promote shale gas development. Improvement of equipment level.

With the successful large-scale commercial exploitation of shale gas in the United States, a new energy crisis has emerged in the world and new industrial clusters such as shale gas equipment manufacturing have been spawned. China is one of the countries with the most abundant reserves of shale gas resources in the world. The proven reserves of shale gas will reach 1 trillion cubic meters with an annual output of 6.5 billion cubic meters. The shale gas development and utilization have been clearly listed as a key new industry. The shale gas resources in Chongqing are uniquely endowed with a potential of 12.75 trillion cubic meters of geological resources and 2.05 trillion cubic meters of recoverable resources, with a share of 8% of the country's total. Comprehensive gas density, regional concentration, and distance from end-users have made Chongqing the most valuable area for shale gas production in the country. On March 15 this year, the first shale gas demonstration well in China was successfully ignited in Chongqing.

In accordance with the municipal government's deployment, Chongqing will strive to be the main battlefield for shale gas development in the country, further increase the exploration of shale gas throughout the city, and strive to form about 1 billion cubic meters of shale gas in about three years. Annual production volume, while making a fuss on shale gas deep processing, promoting the development of equipment manufacturing related to shale gas exploration and development, and taking advantage of the strong supporting capabilities of the old industrial base, and striving to have the advantages in exploration, drilling, and production increase equipment, etc. Breakthroughs, the formation of high-power diesel engines, piston pumps, pneumatic machines, special vehicles, electrical control, power distribution equipment manufacturing capabilities.

Against this backdrop, the Liangjiang New Area quickly moved forward and thoroughly implemented the spirit of the city's shale gas development workshop. It decided to build the Liangjiang New Area into a major bearing platform for shale gas equipment manufacturing and planned a petrochemical equipment industrial park with a planned area of With an area of ​​3 square kilometers, it will strive to build a shale gas industry cluster that integrates core technology research and development, operation services, headquarters settlement, and high-end equipment manufacturing. The combination of Liangjiang New Area and Forbes Energy Group of the United States will effectively break through the bottleneck of this industry and achieve an important breakthrough in the development of the shale gas industry chain in Chongqing.

Forbes Inc. (Forbes Inc.) was founded in 1917 and its flagship publication "Forbes" magazine is one of the world's most famous financial publications. Founded in 2003, Forbes Energy Group was founded by Lucien Forbes, member of the Forbes family of Forbes and is primarily engaged in energy development and services. Headquartered in Frankfurt, MAG Dengi Capital Group Inc. mainly provides project consulting, investment consulting and management services to customers around the world and helps clients raise funds. Forbes and Wanjun Greentech and Energy Investment Co., Ltd. is a company that has rich international experience in investing in green energy projects and is established in accordance with the relevant laws of the Hong Kong Special Administrative Region.

Wu Jiangqiang, member of the Party Committee of the Liangjiang New Area Committee and deputy director of the Administrative Committee, Zeng Jinghua, vice chairman of the Party Committee, Fang Wenjie, assistant director of the Administrative Committee, and Jeffery P, general manager of Forbes Energy Asia, USA. Gould, General Manager of Development Department Kavan Lambert Boschcherrod, Director of Asian Branch JoAnn Magono, Director and General Manager of Wanjun Capital Group USA Branch Rita Louis, etc. participated The signing ceremony of the day.