China Promotes Shale Gas Exploration

In recent years, China has gradually revised its investment policies, laws, and regulations with the aim of achieving sustainable and environmentally-friendly economic development. Important to this end, China has committed at a policy level to develop clean and unconventional domestic energy resources to fuel the country's expanding economy while easing its growing reliance on imported oil, natural gas, and liquefied natural gas (LNG). This China Practice Update briefly describes and analyzes recent Chinese legislative developments designed to encourage the commercial development of shale gas.

China Declares Shale Gas an "Independent Mining Resource" and Encourages Foreign Investment