China’s first tier (good) shale gas acreages overlap with existing conventional gas blocks owned by China National Petroleum Corporation (CNPC) and Sinopec.
The recent announcement of Sinopec’s “big find” in its Fuling shale gas Block 3 is potentially the beginning of a new phase.
To date, PetroChina has formed a joint venture with (Yibin City Holding and Beijing Guolian Energy Investment Fund) in Sichuan to explore a ChangNing shale gas block.
China’s Shale Gas Development 2014-2034 (Lantau Group)
Prospects for Shale Gas Development in Asia: Examining Potentials and Challenges in China and India