China Announces Shale-Gas Subsidy

From Energy & Capital

By Swagato Chakravorty

The Chinese government has just announced a subsidy of 0.4 yuan ($0.06) per cubic meter for energy companies developing the country’s shale-gas resources.

The U.S. Energy Information Administration previously estimated that China may indeed have the world’s largest shale-gas reserves, but high startup and development costs have hindered real progress. This new move could jumpstart that.

Key blocks in China’s five-year plan that would normally command costs as high as 300 to 500 million yuan ($48 million to $80 million) could see production costs reduced by as much as 30 percent.

According to the U.S. EIA, China could have as much as 1,275 trillion cubic feet of technically recoverable shale gas, and the country has had its eye on fracking for quite some time. So far, the government has targeted 19 blocks as critical areas for exploration.

The government has a goal of producing 6.5 billion cubic meters of gas per year by 2015 and 60 billion to 100 billion cubic meters by 2020.

Click here to read more

Add Comment

By posting your comment, you agree to abide by our Posting rules


Comments (28)

  • my response July 12, 2013 at 11:43 pm

    There is certainly just one difference. The Democrats have to spend their protestors.

  • Health Food July 12, 2013 at 11:53 pm

    Wonderful work! That is the kind of information that are meant to be shared across the internet. Disgrace on Google for not positioning this post higher! Come on over and talk over with my website . Thank you =)

  • Diindolylmethane July 13, 2013 at 11:25 pm

    Thanks a great deal for sharing this with all folks you definitely understand anything you are speaking approximately! Bookmarked. Kindly also go to my site =). We could have a hyperlink trade contract among us!

  • nutrition that you July 16, 2013 at 12:00 pm

    I needed to create you that little remark just to thank you so much as before with the pleasant guidelines you have featured at this time. It has been certainly open-handed with you in giving publicly just what numerous people could possibly have distributed for an e-book to help with making some dough on their own, notably seeing that you might well have done it if you ever decided. The secrets likewise acted to provide a good way to understand that the rest have the identical dream much like my personal own to know the truth great deal more when considering this issue. Certainly there are lots of more fun times in the future for people who browse through your website.

  • Early Childhood Education July 16, 2013 at 7:29 pm

    I would like to thnkx for the efforts you’ve put in writing this website. I’m hoping the same high-grade website post from you in the upcoming also. Actually your creative writing abilities has encouraged me to get my own website now. Really the blogging is spreading its wings quickly. Your write up is a good example of it.

  • Small Business Marketing July 17, 2013 at 12:22 pm

    What i do not understood is actually how you are no longer really a lot more smartly-favored than you might be now. You’re so intelligent. You know thus significantly in relation to this subject, produced me in my opinion imagine it from so many numerous angles. Its like women and men aren’t fascinated except it¡¦s something to accomplish with Lady gaga! Your own stuffs outstanding. At all times care for it up!

  • Small Business Marketing July 18, 2013 at 2:16 am

    Hello, you used to write fantastic, but the last few posts have been kinda boring¡K I miss your super writings. Past several posts are just a little out of track! come on!

  • online medical classes July 18, 2013 at 6:08 pm

    I¡¦ll immediately clutch your rss feed as I can’t find your email subscription hyperlink or newsletter service. Do you’ve any? Kindly allow me realize in order that I may subscribe. Thanks.

  • personal computer July 19, 2013 at 4:15 am

    Thanks for the sensible critique. Me and my neighbor were just preparing to do a little research on this. We got a grab a book from our area library but I think I learned more from this post. I’m very glad to see such magnificent info being shared freely out there.

  • Summer Dresses July 19, 2013 at 12:27 pm

    You really make it seem so easy together with your presentation but I find this topic to be actually one thing which I believe I might by no means understand. It sort of feels too complex and very large for me. I am taking a look forward to your next publish, I¡¦ll try to get the grasp of it!

  • legal aid July 19, 2013 at 11:16 pm

    I¡¦m not positive where you’re getting your info, however great topic. I must spend a while learning more or understanding more. Thank you for wonderful info I used to be looking for this info for my mission.

  • Medical Weight Loss July 20, 2013 at 12:20 am

    hi!,I like your writing so a lot! share we be in contact more approximately your article on AOL? I need a specialist on this space to solve my problem. Maybe that’s you! Looking ahead to peer you.

  • Home school July 20, 2013 at 8:22 am

    Fantastic goods from you, man. I’ve understand your stuff previous to and you’re just extremely excellent. I really like what you have acquired here, really like what you are stating and the way in which you say it. You make it enjoyable and you still take care of to keep it wise. I can’t wait to read much more from you. This is actually a terrific web site.

  • zero cost education July 21, 2013 at 4:32 am

    Great article and right to the point. I don’t know if this is truly the best place to ask but do you people have any thoughts on where to get some professional writers? Thanks 🙂

  • interior design jobs July 23, 2013 at 11:50 pm

    I do consider all of the concepts you’ve introduced to your post. They’re very convincing and can definitely work. Still, the posts are too quick for beginners. May just you please extend them a little from next time? Thank you for the post.

  • new technology July 25, 2013 at 3:03 am

    Excellent blog here! Also your site so much up fast! What host are you using? Can I am getting your affiliate link on your host? I wish my site loaded up as fast as yours lol

  • Smart Car July 25, 2013 at 5:15 pm

    hello!,I really like your writing so a lot! share we be in contact extra approximately your article on AOL? I need an expert in this area to solve my problem. May be that is you! Looking ahead to peer you.

  • home interior design July 26, 2013 at 7:16 am

    excellent issues altogether, you just gained a logo new reader. What would you recommend about your post that you made some days in the past? Any positive?

  • Evening Gowns July 27, 2013 at 6:18 am

    Hello, Neat post. There’s a problem together with your site in internet explorer, could check this¡K IE still is the marketplace chief and a big component of folks will leave out your great writing because of this problem.

  • home improvement contractor July 27, 2013 at 8:10 am

    Its like you read my mind! You appear to know a lot about this, like you wrote the book in it or something. I think that you could do with some pics to drive the message home a little bit, but instead of that, this is great blog. A great read. I will definitely be back.

  • a healthy diet July 28, 2013 at 12:44 pm

    I have to express my passion for your kind-heartedness supporting folks that require guidance on this one matter. Your personal commitment to passing the solution all over came to be exceptionally functional and have in most cases empowered men and women much like me to reach their objectives. The invaluable guideline indicates a great deal to me and extremely more to my office workers. With thanks; from all of us.

  • home decorating July 31, 2013 at 5:23 pm

    Thank you for every other informative blog. The place else may I am getting that type of info written in such a perfect approach? I’ve a venture that I’m just now working on, and I’ve been on the look out for such information.

  • Summer Dresses August 1, 2013 at 6:53 am

    I savor, result in I discovered just what I used to be taking a look for. You’ve ended my 4 day lengthy hunt! God Bless you man. Have a nice day. Bye

  • Constipation Remedies August 1, 2013 at 7:51 am

    Valuable info. Lucky me I found your site by chance, and I am shocked why this coincidence didn’t came about earlier! I bookmarked it.

  • family guy August 3, 2013 at 10:30 pm

    I and also my friends have been checking the great tips located on the website then quickly got an awful feeling I never expressed respect to the site owner for those tips. My people were definitely for that reason stimulated to study all of them and now have without a doubt been taking advantage of these things. Thank you for really being simply helpful and then for deciding on this sort of perfect tips most people are really needing to discover. My honest regret for not expressing appreciation to sooner.

  • Health Food Stores August 5, 2013 at 7:27 am

    You could certainly see your skills in the paintings you write. The world hopes for more passionate writers such as you who are not afraid to mention how they believe. At all times follow your heart.

  • graphic design courses August 30, 2014 at 9:07 am

    Hi! I’m at work browsing your blog from my new apple iphone! Just wanted to say I love reading your blog and look forward to all your posts! Carry on the outstanding work!


© 2013 Energy Tribune

Scroll to top