From Reuters:
China is set for a shale gas revolution which will surpass that seen in the United States, the chairman of Sinopec, the country's second-largest oil company, said a day after Reuters revealed Royal Dutch Shell Plc had begun shale gas production in China.
Fu Chengyu, chairman of state-controlled China Petroleum & Chemical Corp (Sinopec) , said it could take five to 10 years but that China's output would exceed that of the United States.
"I think the total reserves are even more than the U.S. so production is not less than the U.S., but it is a matter of timing," he told reporters at the sidelines of the World Petroleum Congress....MORE
