The latest Blooomberg Businessweek details China’s efforts to ramp up shale gas production.
In China there’s a giddy feeling that the next energy gold rush is about to begin. Beneath the mountains of Sichuan province, the deserts of Xinjiang, and elsewhere, China contains twice the shale- gas reserves as the U.S., says the U.S. Energy Information Administration. China’s national planners enthusiastically back boosting natural gas production, which accounts for just 4 percent of the country’s total energy mix now. The government wants to double that share by 2015.
In the print version of the magazine, the story is headlined “The Promise and Peril of China’s Shale Gas.” If the title sounds familiar, you might remember that North Carolina’s Vikram Rao has written a book with an almost identical name.
