With the challenges of deepness and complex geology, China has no choice on shale gas but to seek foreign help
Friday, September 21, 2012 at 12:03AM
Thomas P.M. Barnett in China, Citation Post, extractive industries

FT story on how "China opens shale gas exploration to foreign joint ventures."

It's described as a "milestone policy change that will allow foreign energy companies to play a greater role in developing China's rich potential reserves of shale gas."

China has all the same ambitions as the US: reduce dependency on foriegn sources of coal and oil, plus simply move "down" the hydrocarbon chain to less CO2 emissions.

The irony:  to escape one form of foreign dependence is to invite another.

Article originally appeared on Thomas P.M. Barnett (https://thomaspmbarnett.com/).
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