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China waiting on technology to begin shale gas exploration

by Jay F. Marks Published: March 16, 2012

China is waiting for the right technology before it starts trying to exploit its shale gas resources, Reuters reports.

China is thought to have a potentially large shale gas resource, but officials don’t expect to begin production until 2020, according to the Reuters report.

Chinese oil companies began their shale push in 2009. They have inked multi-billion dollar deals with Chesapeake Energy Corp. and Devon Energy Corp., two of the leaders in U.S. shale development.

Such deals are expected to help provide CNOOC International and Sinopec with the necessary expertise to develop China’s shale resources.


by Jay F. Marks
Energy Reporter
Jay F. Marks has been covering Oklahoma news since graduating from Oklahoma State University in 1996. He worked in Sulphur and Enid before joining The Oklahoman in 2005. Marks has been covering the energy industry since 2009.
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