Sinopec: China Will Pass US as Shale Gas Leader

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The Chairman of China Petroleum & Chemical Corp (Sinopec), say that China’s shale gas revolution will exceed that of the United States in five to 10 years.

“I think the total reserves are even more than the U.S. so production is not less than the U.S., but it is a matter of timing,” Fu Chengyu said speaking at the World Petroleum Congress being held in Doha.

State controlled Sinopec is China’s second-largest oil company.

Related Reading: Shell Finds Shale Gas in China

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Posted on December 7, 2011, in China and tagged , , , , , , . Bookmark the permalink. 2 Comments.

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