China Designates Shale Gas for Development by Smaller Companies
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China approved shale gas as an “independent mining” resource, adding it to a list of types of fields that smaller Chinese companies can develop.
The move, reported by Xinhua News Agency on Dec. 31 in a posting on the website of China’s Ministry of Land and Resources, extends access beyond China’s largest oil and natural-gas producers. China’s Ministry of Land and Resources plans a second round of shale-gas auctions in January, the ministry said last month.