Market Access Report: Oil & Gas

Jones, Day, Reavis & Pogue

Faced with dramatic increases in energy demand, and serious environmental concerns over long-standing reliance on high-sulphur coal, China's energy industry is in the throes of reform. Indeed, recent years have witnessed a major restructuring of the domestic players and regulatory bodies, along with a marked groundswell of interest in developing alternative fuel sources including, most significantly, natural gas. With China's entry into WTO a foregone conclusion, the domestic oil and gas industry is now bracing itself for even more changes.