Abstract
Shale gas development throughout the world has resulted in a revolution in the field of global energy and has also become an important topic in China in recent years. While organic-rich shale is widely distributed in China and the initial commercialization of shale gas has been achieved, the research, exploration, and development of shale gas remain at an early stage. Problems exist with crucial technologies, innovation, institutional mechanisms, environmental protection, and other aspects of the industry. The shale gas exploration and development industry in China can learn from the experiences of other countries and strengthen its position in the market, with the support of new government policy. Given its unique geological conditions, China should speed up the introduction of technical innovation and establish its unique systems and methods for shale gas exploration and development.
Highlights
The successful commercial exploration for shale gas in the United States led to an energy revolution, which ended America’s dependence on imported energy and made the US an energy-rich country
Shale gas exploration and development has become an important topic in China
To encourage enterprises to accelerate the commercialization of shale gas, the Ministry of Land and Resources, the National Development and Reform Commission, the Ministry of Finance, the Ministry of Commerce, the Ministry of Science and Technology, the Environmental Protection Bureau, the Central Ministries and Commissions and other National Ministries have launched a series of detailed policy measures for promoting shale gas exploration and development, encouraging foreign investment, increasing financial subsidies, guiding industry development, constructing a demonstration zone, and supporting science and technology research (China Geological Survey, 2014)
Summary
The successful commercial exploration for shale gas in the United States led to an energy revolution, which ended America’s dependence on imported energy and made the US an energy-rich country. This situation brought the shale gas industry under the spotlight throughout the entire world. While China is aiming to develop its shale gas reserves, it faces challenges with technology and marketing. To overcome the bottlenecks in technique, marketing and industrialization that are restricting shale gas exploration and development in China would be necessary the following actions. Establishing a sophysticated marketing system with better relations between industry and local government
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