Sinopec Announces Major Breakthrough for China Shale Gas

November 19, 2022/in /by Rudolf Huber

China does not have what it takes to make shale a success. You cannot create an entrepreneurial culture by party order, and you also cannot create a high-tech oil field service sector as in the US quickly. That being said, much money goes down that hole and also down the Methane Hydrate hole. If China ever figured out the Methane Hydrate key, all hydrocarbon needs for most nations would be resolved forever. So, while I am not holding my breath, I will still give it a peek every now and then.

Sinopec described the find as a 'major breakthrough for China's shale gas exploration'.

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