China’s Shale Gas Dreams Run Out of Steam
China’s efforts to mimic the U.S. by exploiting its big shale gas reserves are hitting the rocks, thwarted by higher development costs due to geographic and geologic constraints, experts say.
With its strong emphasis on energy self-sufficiency, China has long hoped to harness its recoverable shale gas reserves to meet its ballooning energy demand. Those dreams got a boost in 2009 with the discovery of huge reserves in Sichuan province, and the U.S. Energy Administration Agency now estimates China has 1.115 trillion cubic feet of recoverable shale gas, the most in the world.
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