Stimulating Shale Gas Development in China: A Comparison with the US Experience

Lei Tian, Zhongmin Wang (), Alan J. Krupnick () and Xiaoli Liu
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Zhongmin Wang: Resources for the Future
Alan J. Krupnick: Resources for the Future

RFF Working Paper Series from Resources for the Future

Abstract: In this paper, we use the US shale gas experience to shed light on how China might overcome the innovation problem inherent in exploring and developing shale gas plays with complex geology. We separate shale gas development into two stages, an innovation stage and a scaling-up stage, with the first presenting a much bigger challenge than the latter. Our analysis suggests that China’s national oil companies offer the best hope for overcoming the innovation problem. China’s policy of opening shale gas development to new entrants is a market-oriented reform that can be justified on various grounds, but the new entrants will not play a major role in overcoming the innovation problem even though they may help scale up production later on.

Keywords: shale gas; innovation; China (search for similar items in EconPapers)
Date: 2014-07-16
New Economics Papers: this item is included in nep-cna, nep-ino and nep-tra
References: View complete reference list from CitEc
Citations: View citations in EconPapers (15)

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