China Seeks to Jumpstart Shale Gas Industry

Posted October 15, 2015 at 6:15am

The Toronto Globe & Mail reports that “with hopes of a U.S.-style shale gas boom sputtering, Chinese officials are faulting their own government’s management and proposing new experimental zones as a way to spur a new drilling rush.”  

“China drilled its first shale gas well in 2010, its ambitions stoked by reports that its rocks held the largest such resource on Earth.”  

“But the promised wealth of shale gas has not materialized, and the past two years have seen national targets cut several times – even the 2015 goal may now be out of reach, officials say – as both foreign and domestic companies halted exploration work and land goes left undrilled.”