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Business Week reports that the U.S. Energy Department announced that deposits of natural gas from shale formations in China are 12 times higher than conventional gas reserves in the nation.
Business Week reports that the U.S. Energy Department announced that deposits of natural gas from shale formations in China are 12 times higher than conventional gas reserves in the nation.
The market news is quoted as saying:
Reserves from China’s shale rocks that are “technically recoverable” were at 1,275 trillion cubic feet compared with 107 trillion in proved gas deposits in 2009, the department’s Energy Information Administration said in a report yesterday. India has 63 million cubic feet in shale deposits compared with 37.9 trillion in conventional gas.