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China set to tap shale gas

July 5 - Senior managers from the world's leading oil companies are set to descend on China this summer, as the country holds its first licensing round for the production of shale gas, which could be good news for project logistics companies focussing on

HLPFI understands that successful applicants will be expected to hydraulically fracture a minimum number of wells and it would appear that China is keen to repeat the success that the US has achieved in transforming its energy outlook through the production of shale gas.

The country desperately needs gas to help cut the pollution caused by the country heavy use of coal for electricity generation.

China's latest five-year plan for the country's economy focuses on energy efficiency and clean fuel and plans are in place to reduce the amount of energy consumed per unit of GDP by 16 percent.

That would require a switch from coal to more nuclear and more renewable energy, as well as gas. China plans to increase the percentage of energy derived from gas to 8.3 percent by 2015. Coupled with the country's rapid growth, this suggest a massive increase in annual gas consumption. Hence the focus on the shale - watch this space.

Heavy Lift | News

EGL in transformer move thumbnail image

EGL in transformer move

May 21 - Egyptian Global Logistics (EGL) has unloaded and transported two transformers destined for a power station at Damietta Furniture City.
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Multipurpose charter rates dip thumbnail image

Multipurpose charter rates dip

May 21 - Time charter rates in the multipurpose shipping sector have declined over the last month, according to the latest data from shipbroker Toepfer Transport.
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Seaboard ups Savannah services thumbnail image

Seaboard ups Savannah services

May 21 - The port of Savannah in Georgia has welcomed itsĀ first Seaboard Marine vessel call earlier this month, and the shipping line is preparing to launch additional services from the port.
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