China Extends Subsidies for Unconventional Natural Gas Drilling
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China is extending a subsidy program to support unconventional natural gas drilling as it continues to push for new domestic supplies to ensure energy security.
A fund to support shale gas and coal bed methane drilling that was originally established in 2020 will be extended through 2025 to 2029, the Ministry of Finance said in a document posted to its website Thursday. The ministry had already budgeted 3.2 billion yuan ($440 million) for the fund in 2025.