China Pushing Ahead With Shale While Falling Prices Dim Interest
- Government drafting bidding plan and deciding parcels to offer
- Oil's plunge affecting viability of shale gas producers
This article is for subscribers only.
China is poised to further open up its acreage to shale gas exploration even as the appetite for producing the fuel ebbs amid a global glut and plunge in energy prices.
China’s Ministry of Land and Resources may announce details of the third round of shale gas auctions within two months, Guo Jiaofeng, a researcher at the Development Research Center of the State Council, a government think tank, said in an interview in Chengdu, Sichuan province. An announcement is expected by the end of the year, he said.