The accumulated output at Chinese oil giant Sinopec's major shale gas field in Fuling, Southwest China's Chongqing reached 40 billion cubic meters on Friday, a new high. While surging coal prices have brought a power crunch to the world's second-largest economy, the country is hoping to boost shale gas output to achieve more dependable energy security amid the global climate crisis. At present, the daily output at the Fuling shale gas field has hit nearly 20 million cubic meters, providing coverage for 40 million households. Shale gas produced by the field benefited more than 200 million residents in over 70 cities ... (full story)