• China's crude oil output rose 2.8% year on year to 120.6 million tons in the first 7 months of 2013, the National Development and Reform Commission said. During the same period, China processed 255.65 million tons of crude oil into 157.06 million tons of refined oil, up 6.3% from a year earlier; apparent oil consumption was up 4.1% year on year to 149.84 million tons.
  • China's natural gas production, imports and consumption totaled 68.1 billion, 29.4 billion and 94.8 billion cubic meters in the first 7 months of 2013, up 9.4%, 26.1% and 14.5% respectively from a year earlier, the National Development and Reform Commission said.
  • China's goal to produce a total of 6.5 billion cubic meters of shale gas in the 5 years through 2015 can hardly be fulfilled due to numerous impediments, the Securities Times reported, citing industry experts. Shale gas output totaled just 25 million cubic meters in 2011 and 2012, leaving the 6.5 billion-cubic-meter target by 2015 unachievable, even in a longer period. Costly extraction due to technical barriers and a lack of supporting policies have cut profits and therefore discouraged shale gas developers from operating in this field.

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