BEIJING (Reuters) - State-owned China National Petroleum Corporation (CNPC) aims to produce 500 million cubic metres (mcm) of shale gas by 2015, a company executive said in an article published on Sunday.
China does not have any shale gas production and evaluation of the potential resources is only at a preliminary stage, Deputy General Manager Liao Yongyuan said.
The largest oil and gas producer in China will also focus on developing ethanol that comes from non-grain crops and raise its ethanol supply capacity, including both production and imports, to 3 million tonnes a year by 2015, Liao said in the Study Times, a Communist Party newspaper.
