Singapore—Recent progress at domestic shale gas projects operated by China’s stateowned Sinopec and China National Petroleum Corp. suggest China is on track to meet the 2015 production target set by the country’s government, analysts said Monday. China’s official plans target shale gas output of 6.5 billion cubic meters/year by 2015 and 60 billion-100 billion cu m/year (5.8-9.7 Bcf/day) by 2020. Analysts had earlier said these targets were unrealistic given the huge challenges facing operators in China’s nascent shale gas sector.
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