• Title/Summary/Keyword: china shale development polices

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Investigation on Supporting Policies and Problems of Shale Gas Development in China (중국 셰일가스 개발 문제점과 지원정책 분석)

  • Lee, Chaeyoung;Yoon, Junil;Lee, Hong;Lee, Youngsoo;Shin, Changhoon
    • Journal of the Korean Institute of Gas
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    • v.19 no.2
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    • pp.54-65
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    • 2015
  • China holding the world largest shale resources, has been trying to develop their domestic shale gas fields mainly with its NOCs. Chinese shale industry looks likely to have high potential to grow in the future, considering the eager support of Chinese government and the rapid development of relevant technologies by NOCs. However, there are opposite opinions as well that Chinese shale gas could not play a positive short-term results because of the complexity of structural geology, inadequacy of water resources and related infrastructure. Recently, Korean companies began to be interseted in Chinese shale gas industry, because of the special relationships with Korean industries in terms of geographic proximity and better opportunities due to the early phase of shale gas business in China. In this study, it was tried to help those companies looking out of future Chinese shale gas industry that surveying current status and problems of Chinese shale gas industry and relevant industries and investigating some trials and policies driven by China government. As a result, the various and long-term problems in Chinese shale development were reviewed and the active supports and polices of Chinese government, NOC's trials for establishments of their independent technologies and the cooperation with foreign companies or M&As were also investigated.