U.S.-China Forum on Shale Gas Development
Similarly, as the economy continues to expand, China is importing more oil from the international market. China produced more GHG than US in recent years. Nevertheless, China is also rich in shale gas. As estimated, China’s shale gas reserve is twice as those of the US at 1,115 trillion cubic feet. But shale gas development is still at a primitive stage in China, largely due to lack of the advanced technologies and experience. In 2012, Chinese government specified policy incentives for foreign investors to co-develop China’s shale gas resources. The government has also pledged to cut GHG emission in Beijing and over 300 other cities with a five-year plan. The Ministry of Land and Resources in China is expected to release the 3rd round tender of shale fields at the beginning of 2014. This presents an excellent opportunity for US-China collaboration and involvement of U.S. oil/gas technological companies.
Considering the current situation of shale gas development and common interests between US and China, International Fund for China’s Environment (IFCE) and National Center for Climate Change Strategy and International Cooperation (NCSC) are planning this forum to invite experts and professionals from industrial, governmental and non-governmental sectors in China and US to ...
Share and construct a comprehensive structure of shale gas exploration
successful U.S. experience and lessons in terms of shale development regulations, legal issues, technology evolution and environmental impacts /solutions.
Conduct concrete and timely training
to new bidders from the 3rd round shale field tender to prepare for prevalent challenges in shale gas industry such as high risk, high technology requirement, high initial investment and long profit cycle.
Explore substantial business opportunities and partnerships at city and provincial level to efficiently deliver the service to end-users.