11 June 2015 (01:12 UTC-07 Tango 01)/21 Kordad 1394/23 Sha’ban 1436/25 Ren-Wu (4th month) 4713
“China is where all the growth in oil, gas and coal is going to be coming from.”-Lin Boqiang, PetroChina consultant
“China is the third country to achieve shale gas production capacity after the U.S. and Canada.”-Zhai Gangyi, Oil & Gas Resources Survey Center
For years we’ve been told China has no petroleum, but a new oil survey says otherwise.
The China Shale Gas Resources Survey says China is sitting on 25-trillion cubic meters of natural gas. That’s 6-trillion more than what the United States is sitting on!
The Chinese government is already spending millions of USD developing the shale fields. China’s state-owned Sinopec is already extracting the gas: “We produce 20 to 40 cubic meters of shale gas every day. That meets just about 50 thousand household’s energy demand for one day.”-Ouyang Liming, Jianghan Oilfield 2nd Shale Gas Platform
Analysts point out that most of China’s shale petroleum is inside mountains, and China does not have the water resources that the United States has. However, Chinese scientist are trying to create waterless fracking technology.
So what part of China has the most petroleum? Why, the very region where China is stealing land from the native Uygur Muslims.
The Xinjiang Uygur Autonomous Region is being turned into a massive energy hub. Not only does it have the most natural gas, it also has the most oil and coal of all the territories controlled by China. The U.S. Energy Information Administration estimates that 40% of China’s petroleum reserves are in the Uygur region.
By the end of this year Uygur natural gas production is expected to hit 30.5-billion cubic meters. There’s so much natural gas in the area that U.S. based General Electric (GE) is building nine small-scale LNG (Liquefied Natural Gas) plants.
Not only is the Xinjiang Uygur Autonomous Region sitting on a lot of oil, but according to PetroChina consultant Lin Boqiang “…all the imported resources from Central Asia, oil and gas, go through Xinjiang and then get distributed from there.”
This massive new oil production and transportation system is what President Xi Xinping is talking about when he mentions “The New Silk Road”.
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