China shale gas output to nearly double over three years

Reuters reports that the Wood Mackenzie consulting firm is projecting China’s shale gas production will likely reach 17 billion cubic meters in 2020, nearly double the 2017 level, as energy companies “make big progress with drilling technology and cost cutting” in China. Wood Mackenzie says nearly 700 new wells will go online between 2018 and 2020 at three key projects in the southwest part of the country at a total cost of $5.5 billion. For more, read the full story.