China Is Desperate To Boost Shale Gas Production

Faced with rising natural gas and liquefied natural gas (LNG) imports to meet growing demand, China is trying to raise its domestic gas production, including by setting up incentives for shale gas and coalbed methane production. Back in 2010, imports accounted for just 15 percent of China’s natural gas supply. By 2018, the share of imports in the country’s gas supply surged to nearly half—45 percent—of total supply. As consumption has been vastly outpacing domestic natural gas production, China has been looking in the past…