China has been trying to develop shale gas technology by having its major oil firms buy into...
China has been trying to develop shale gas technology by having its major oil firms buy into U.S. firms to gain access, but Nomura does not expect any meaningful supply until 2015. Instead, China is turning to coal, which it has in abundance and which can be used to produce man-made gas; the technology "is considered stable and the economics are superior in China."
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