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China's hopes for shale boom may be fading

It cuts output target for end of decade to a third of earlier estimate
Saturday, November 22, 2014 - 05:50

SLOW PROGRESS: Of the 18 firms granted exploration rights, only China Petroleum has started to produce the fuel commercially.


CHINA'S shale boom may be fizzling out before it even gets going. The nation has cut its output target for the end of the decade to a third of its earlier estimate as difficult geology, lack of infrastructure and limited exploration rights conspire against its shale gas ambitions

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