A study on the application of public–private partnership mode in shale gas development industry in China

Abstract

China has abundant shale gas resource reserves, and shale gas resource development will greatly relieve the imbalance between energy supply and demand. However, in the traditional government-led unilateral energy development model, the high cost of shale gas development makes financing difficult. Therefore, the development of shale gas in a public–private partnership (PPP) mode is worthy of study. Combining the operation mechanism of the PPP mode and the technology, environment, and market demand of shale gas development in China, this paper has analyzed the operation mechanism of the PPP mode in shale gas development in China from several aspects and gives some suggestions from the perspective of the government and the enterprise to develop the idea of the PPP mode for shale gas development.