China's shale gas development is facing many difficulties, and foreign companies have "run away"

In late July, ConocoPhillips announced that it had stopped working with PetroChina in shale gas exploration in the Neijiang region and Sinopec in the Qijiang region, and would cut deepwater drilling spending and cancel the renewal of a contract with a drilling vessel, indicating that another foreign company involved in China's shale gas development has "run away"
.

It is reported that Shell, Chevron and other companies have also reported that shale gas projects in China have been blocked, and Sandro, former acting deputy secretary of the US Department of Energy, also claimed that some American companies have experience in shale gas exploitation and are eager to enter China, but they feel that they are very limited in the Chinese market, which will hinder the development of
Chinese shale gas.

Guo Fanli, director of CIC Consulting Director, pointed out that although China's shale gas reserves are large, the rugged terrain, backward infrastructure and deep shale gas layer also make development very difficult, and the characteristics of shale gas in the early exploration and development of shale gas are large, investment risk is high, long return period, and heavy dependence on pipeline network construction also make it relatively high requirements for the capital turnover of development enterprises, investors are difficult to obtain better returns in the short term, industrial investment wait-and-see atmosphere is strong, investment problems in this field still need to be solved
.

In recent years, China's increasing attention to shale gas has a lot to do with the "shale gas revolution" carried out in the United States, in 2006 the United States shale gas production was 1% of the total natural gas production that year, in 2010 the proportion jumped to 17%, more than 100 billion cubic meters, and in the following five years, the United States shale gas production increased nearly 20 times
。 It can be said that the development of shale gas in the United States has drawn a very beautiful blueprint for Chinese enterprises, and enterprises have been eager to try, but because China's geological conditions, technical conditions and market conditions are very different from the United States, enterprises copying American technical experience when developing will inevitably hit a wall
.