Platts: China to release new policies to support shale gas development: report

China will soon release new policies to support the development of its nascent shale gas sector, local media reported Tuesday, citing officials from the Ministry of Land and Resources.

Policies formulated by the National Energy Administration and the MLR have been finalized and are likely to be unveiled soon, according to a report in the 21st Century Business Herald on Tuesday.

These include guidelines regulating the award of mineral rights and bids for acreage, the report said, citing Yang Lei, an official from the NEA who was at a conference on Monday. 

The new policies will address technology, research and infrastructure aspects of shale gas development to support continued investment.  MORE