21 February 2019

Shale gas blueprint inadequate, paper says

China has a range of policies to support its ambitious shale gas development, but the blueprint is far from satisfactory, Shanghai Daily reported Wednesday, citing industry experts. The State Council has approved shale gas as an independent mining resource, meaning the fuel would be managed separately from conventional natural gas and smaller energy companies would be allowed in to develop it, the report said. But critics say the policy is not conducive to integrated development and overall efficiency of oil and gas fields, it said. The government’s output volume-based subsidy program appears to be ineffective and a pre-production subsidy made more sense, one researcher said.

– Contact HKEJ at [email protected]



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