Recent progress at shale gas projects operated by China’s state-owned giants Sinopec and China National Petroleum Corp. suggest the country is on track to meet the 2015 production target set by the central government, analysts said Monday. China is targeting shale gas output of 6.5 billion cubic meters/year by 2015 and 60 billion-100 billion cu m/year (5.8-9.7 Bcf/day) by 2020 under its official plans. Analysts had earlier criticized these targets as unrealistic given the huge challenges facing operators in China’s nascent shale gas sector. The country’s total shale gas output in 2013 was just 200 million cu m, the Ministry of Land and Resources said in January. Article continues below… Request a free trial of: International Gas Report International Gas Report International Gas Report is a biweekly report that intelligently analyzes what is happening in the natural gas industry, improving your vision and sharpening […]