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China shale-gas output 'still years away'

Chinese oil and gas companies are not interested in developing shale gas, which means China is not expected to produce any significant shale-gas volumes for at least five years, former China National Petroleum Corp (CNPC) employee Xiaoyi Mu said

Chinese oil and gas companies are not interested in developing shale gas, which means China is not expected to produce any significant shale-gas volumes for at least five years, former China National Petroleum Corp (CNPC) employee Xiaoyi Mu said. Now a Dundee University energy economics lecturer, Mu said Chinese national oil companies were reluctant to explore shale gas due the high cost of building a hydraulic fracturing (fracking) industry from scratch, the lack of pipeline infrastructure to take gas from shale basins in the west to demand centres in the east, and low domestic gas prices. “Shale gas is unlikely to have a significant impact until 2017,” Mu told delegates at the LNG Global

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