CNPC, Guizhou Government Could Together Explore for Shale Gas

China's state owned energy major CNPC has expressed interest in exploring for shale gas in Guizhou in cooperation with the Guizhou government, reported China Daily Tuesday quoting a company official.

Xu Bo, a researcher from the economic and technology research institute of CNPC made these remarks at a shale gas development and prospect seminar held in Guiyang in Guizhou province on December 27.

According to the data from the Ministry of Land and Resources, Guizhou shale gas reserves rank in the top three in China and accounts for 12.79 percent of country's shale gas reserves, China Daily said.

Some 80% of China's shale gas resources are controlled by state owned oil and gas giants such as CNPC and Sinopec. 

The government in its 2011-2015 shale gas development plan aimed to turn out more than 60 billion cubic meters of shale gas by 2020, but the goal was later cut by half to 30 billion cubic meters.