New Shale Gas Regulation to be Introduced in Sichuan Province

China is likely to introduce a new shale gas exploration and development model in Sichuan province, according to Xinhau Finance.

An exploration and development plan for experimental shale gas zone in south Sichuan has taken shape, said Jia Zhiqiang, an official with Sichuan provincial land and resources authority.

According to Xinhua Finance, the Ministry of Land and Resources (MLR) would take the lead with the participation of Sichuan provincial government, China National Petroleum Corporation (CNPC) and Sinopec Group. Also, the administration on mining rights of oil and gas would be renovated.

Sichuan has around 27.5 trillion cubic meters of shale gas resources and 4.42 trillion cubic meters of recoverable shale gas resources, according to the MLR.

The experimental zone would have an area of 46,000 square km covering Neijiang, Zigong, Yibin, Huzhou, Leshan and other areas.