EIA: by 2040 China will be the world's second shale gas producer

EIA: by 2040 China will be the world's second shale gas producer

Editorial Staff
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According to data from the Energy Data Administration, Beijing will move from the current 500 mcf/day of LNG, to over 20 bcf within the next 20 years

The Energy Information Administration (Eia) in its latest "International Energy Outlook 2016" stated that by 2040 China will become the world’s second Liquified Natural Gas (LNG) producer, behind only the United States. In the last year, in fact, Beijing produced 500 mcf/day of shale gas but has the potential to bring that figure up to 20 bcf within the next 20 years.
Chinese production will therefore be second only to US production which the EIA estimated will see an increase from the current production level of 37 bcf/day, to 79 bcf/day by 2040. Currently, the second global producer of LNG is Canada with a production level of 4.1 bcf/day. According to the EIA, it is precisely shale gas production that will druve development of infrastructures in an even more competitive international market: global LNG production, in fact, will, according to estimates, quadruple by 2040.