又一省成立页岩气勘探开发公司

Core Viewpoint - The establishment of Shaanxi Shale Gas Exploration and Development Co., Ltd. marks a significant step towards the exploration and commercialization of shale gas in Shaanxi province, aiming to enhance the clean energy industry in the region [1] Company Summary - Shaanxi Shale Gas Exploration and Development Co., Ltd. is a wholly-owned subsidiary of Shaanxi Coal and Geological Group, focused on the exploration and development of clean energy resources such as shale gas [1] - The company is investing in the South Zheng shale gas exploration and development project, which is a strategic initiative with an area of over 200 square kilometers and an estimated total investment exceeding 3 billion yuan [1] Industry Summary - The South Zheng shale gas project is expected to change the energy landscape of Shaanxi province, which has traditionally focused on oil and gas exploration in the northern region [1] - The project aims to achieve gas production by the end of this year and plans to be operational within five years, with a target annual production capacity of 300 million cubic meters of shale gas by 2030 [1] - The development of shale gas in the South Zheng area is anticipated to stimulate economic growth in southern Shaanxi and promote the clustering of upstream and downstream industries such as oil and gas equipment manufacturing and new chemical materials [1]