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China will rank 2nd in shale gas production by 2040: EIA

by ChemOrbis Editorial Team - content@chemorbis.com
  • 16/08/2016 (14:44)
According to media reports, the U.S. Energy Information Administration reported in its International Energy Outlook 2016 and Annual Energy Outlook 2016 that China will become the world’s second largest shale gas producer after the United States by 2040, with production hitting above 20 billion cubic feet of shale gas per day (Bcf/d).

In line with the increasing shale gas production, China’s shale gas production will account for more than 40% of the country’s total natural gas production by 2040, according to the EIA’s latest forecast.
Currently, Canada is the world’s second largest shale gas producer with an output reaching 4.1 Bcf/d in 2015. The EIA expects the country’s shale gas output to increase 10 Bcf/d by 2040.

The US will remain the top shale gas producer and its shale gas production is expected to increase from 37 Bcf/d in 2015 to 79 Bcf/d by 2040.

According to the EIA, the world’s shale gas production will significantly rise to 168 Bcf/d, accounting for 30% of world natural gas production by 2040.
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