Foreign investors welcomed into shale gas market
November 07, 2013 | BY
clpstaffThe potential of China's shale gas market has yet to be realised. Recently released Guidelines encourage foreign investment, but without further details it is hard to assess the full impact
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The National Energy Administration (NEA) released Guidelines for shale gas on October 22 that contains subsidies and fee waivers. The aim is to increase output of the fuel and improve China's energy security at the same time.
Shale gas has become a hot topic as this resource becomes an important part of energy policies. It is estimated that China holds 1,115 trillion cubic feet (tcf) of recoverable reserves of shale gas. This is more than the US, and China is looking to this resource to meet energy needs as economic growth continues.