Shale gas guidelines stress subsidies, fee waivers
By Lyu Chang | China Daily | Updated: 2013-10-31 07:14
Only two Western oil majors are exploring for the fuel in the country, working with Chinese partners
The National Energy Administration announced new guidelines for shale gas on Wednesday that aim to increase output of the fuel and thus improve China's energy security.
The NEA's guidelines encourage local governments to subsidize shale gas producers based on output volume.
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