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relates to China Sits on the World’s Biggest Shale Gas Prize. Pumping It Out Is the Hard Part
Bloomberg

China Sits on the World’s Biggest Shale Gas Prize. Pumping It Out Is the Hard Part

China’s reserves are deeper and harder to reach than those in North America.

China’s shale gas industry began with a long shot.

Guo Xusheng, a stout and affable chief geologist at a unit of China Petroleum & Chemical Corp., persuaded his bosses in 2009 to give him about $3 million to drill deeper than anyone had before in southwestern China. For Sinopec, as the company is known, the shale boom in the U.S. convinced them that Guo’s plan was worth a try.