China’s Shale Gas Industry Is Finally Taking Off

During the first two months of 2021, the Chinese oil and gas giant Sinopec managed to bring 28 new shale gas wells on stream in the country. The company also announced that the shale gas production from its major Fuling field jumped by 20% compared to last year. And despite the recent collapse in oil and gas prices, as well as the uncertainty brought by the Covid-19 pandemic, Sinopec remains optimistic on the future of shale gas. Its latest achievement was the completion of the first phase of a new shale field in Weirong, adding 1 billion cubic…