Shale Gas Exploration Allows for Foreigners’Participation.docVIP

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2017-02-14 发布于北京
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Shale Gas Exploration Allows for Foreigners’Participation.doc

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Shale Gas Exploration Allows for Foreigners’Participation.doc

Shale Gas Exploration Allows for Foreigners’Participation 　　 On March 1, the Ministry of National Land and Resources held a press conference to make the first review of the potential of the shale gas. In the conference an insider from the Ministry said that the 12th Five-Year Planning on Shale Gas had already been approved by the National Development and Reform Commission and would be issued soon. 　　It is known that leaping development in shale gas exploration is anticipated during the 12th Five-Year Plan(2011-2015). If the production capacity of shale gas reaches 100 billion cubic meters, the total investment amounts to 400-600 billion yuan. 　　The shale gas is expected to change the situation of gas and oil exploration in China and thus it is placed under the limelight. But meanwhile, the capital and technology still strangle the development of this industry. 　　 New Policy Opens the Door 　　Yu Haifeng, deputy director of the Department of Geological Perambulation at the Ministry of National Land and Resources, said that if the production of shale gas could reach beyond 100 billion cubic meters by 2020, it will become an important pillar for China’s energy industry and change the gas and oil exploration situation in this country. 　　In order to realize this goal, the pattern of shale gas exploration will be different from the others. The Chinese government will encourage the other investors other than state-owned companies, including foreign investors, to invest in this field. 　　The shale gas exploration in the United States and relevant technological innovation are done by thousands of energetic private companies. Now, the policy unlatches the door for the foreign and private companies to take part in the shale gas exploration in China, which is very good for its development. 　　The East Sea Securities’ research report said that the growing presence of foreign and private capital in the shale gas exploration could accelerate the development of this field.