ICIS: China's Shale Gas Potential

THE shale-gas revolution, which, of course, is already well underway in the US, could also have major implications for petrochemicals in China.

China has 1,275 trillion cubic feet of recoverable shale-gas reserves, according to the Energy Information Administration - more than the US.

As a result, the Chinese National Energy Administration has commissioned a development plan for shale gas.

However, a new report by Deloitte says that:

*The emergence of a major shale gas industry in China would create a struggle for water rights with farmers.  MORE