China's Five-year Shale Gas Development Plan Seems Optimistic
China released a five-year shale gas development plan for the 2011-2015 period in March 2012 with a target of reaching 6.5 billion cubic meters (bcm) of shale gas production per year by 2015. Additionally, the plan aimed for the completion of a two-year survey and appraisal of shale gas reserves within the plan period, increase China’s expertise on technologies and equipment required for the exploration and production of shale gas, and the development of a policy framework for the regulation...
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