Tapping future shale gas opportunities in China

Tapping future shale gas opportunities in China - Interfax | Michel Brekelmans - a consultant: China's vast shale gas reserves and insatiable energy demand continue to capture the imagination of investors. However, China's shale gas industry remains in its infancy and the focus is still on resource studies and the development of exploration technology. It is now apparent industry progress is behind initial government targets.The speed of future industry development remains unclear because of several factors, including inexperienced Chinese players, complex geological conditions and restrictive foreign investment requirements. However, as the industry now waits for a third round of rights auctions – likely in late 2013 – interest is focusing on where possible opportunities may lie and how companies should be positioned to capitalise on expected future growth.