Look For China To Take Lead In Shale Gas

There might be enough shale gas reserves in China to keep the country's energy needs quenched for the next 200 years, the natural resources ministry said. While Beijing said it doesn't yet have the capability to take full advantage of the reserves, the recent shale boom in United States shows there's no lack of commercial interest in shale. Beijing expects shale gas to start playing a major role in its energy mix by the next decade. With that comes more foreign investments and it might not be long before China takes the lead in the emerging shale…

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