China's oil and gas production hit a record 400 million tons of oil equivalent in 2024, driven by shale growth.

China's crude oil and natural gas production surpassed 400 million tons of oil equivalent in 2024 for the first time, with crude oil reaching 213 million tons and natural gas 246.4 billion cubic meters. This marks eight years of annual growth over 10 million tons. Unconventional reserves, especially shale oil and gas, have been key, with shale oil output up over 30% to 6 million tons and shale gas exceeding 25 billion cubic meters.

2 months ago
6 Articles