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RSS feed source: US Energy Information Administration

In-brief analysis

September 30, 2024

Data source: Advanced Resources International, Inc.

China is a major natural gas importer by pipeline and the world’s largest importer of liquefied natural gas (LNG). In the last 10 years, the Chinese government has actively supported the development of unconventional natural gas resources to reduce import dependence and enhance energy security.

According to a report from S&P Global Commodity Insights (SPGCI), the China National Petroleum Corporation (CNPC) in 2023 produced natural gas from shale in the Low Cambrian formation in the Sichuan Basin at a depth exceeding 14,760 feet, marking the first time that commercially viable natural gas was produced from this deeper formation. SPGCI reported that the Zi 201 well initially produced 26.1 million cubic feet per day (MMcf/d), a commercial rate that could signify the entry of the

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