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China and India send coal prices soaring amid green-energy push | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
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9 hours North Sea Oil Floating Off Europe Could Signal Weak Asian Demand 11 hours OPEC Head: Global Oil Inventories Will Continue To Draw Down 14 hours Scientists Find Cheap And Easy Way To Extract Lithium From Seawater 15 hours EU Approves $21B Green Transition Fund 17 hours Renewables Was Sole U.S. Energy Source With Rising Consumption In 2020 3 days Russia Claims Its Compliance With OPEC+ Cuts Was Almost 100% In May 3 days Peak Oil Demand May Be Ten Years Away 4 days Uganda Picks Four Firms For New Oil Exploration Round 4 days U.S. Natural Gas Storage Capacity Hardly Increased Since Start Of Shale Boom 4 days ....
Analysis: Chinese majors to struggle to extend shale gas boom beyond 2025 Chinese oil majors will struggle to extend fast growth in shale gas production beyond 2025, as complex geology and failure to draw in more investors make it expensive to develop the unconventional resource. That would be a blow to China’s efforts to cut its reliance on gas imports, presently 42% of total consumption. It would also mean Beijing will have to step up development of other costly gas resources in its remote northwest to meet demand, as the country steers away from coal to achieve climate goals. The world’s top energy consumer started producing shale gas in southwest Sichuan in 2012, inspired by a U.S. shale push, and has doubled output in the past two years to 20 billion cubic metres (bcm) – or about a tenth of its 2020 natural gas output. ....
PetroChina, Sinopec aim for 35 bcm shale gas output by 2025 2020 output at 20 bcm, a tenth of China’s total gas production Shale formations deeper than 4,000 metres trickier to access SINGAPORE, Jan 26 (Reuters) - Chinese oil majors will struggle to extend fast growth in shale gas production beyond 2025, as complex geology and failure to draw in more investors make it expensive to develop the unconventional resource. That would be a blow to China’s efforts to cut its reliance on gas imports, presently 42% of total consumption. It would also mean Beijing will have to step up development of other costly gas resources in its remote northwest to meet demand, as the country steers away from coal to achieve climate goals. ....