China, which sits on the world’s largest shale reserves, may exceed its 2015 output goal, as a new project in the nation’s southwest and the promise of fresh investment leave government targets looking outdated.
China Petrochemical Corp., the parent of the listed company known as Sinopec, agreed last week with local government to build shale gas capacity at its Fuling site to 5 billion cubic meters a year by 2015. It suggests a national target of 6.5 billion cubic meters will be met or surpassed.
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Aibing Guo, Bloomberg News via CHINA US Focus http://ift.tt/1i6p1Cc
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