Analysts unmoved by China’s latest shale gas auction delay

By James Byrne and Colin Shek 21 August 2012
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Breitling Oil and Gas is shooting seismic on some of China’s shales. (Breitling Oil and Gas) Breitling Oil and Gas is shooting seismic on some of China’s shales. (Breitling Oil and Gas)

Confirmation last week that China will delay its second tender for shale gas blocks came as no surprise to analysts, who expect further holdups as Beijing attempts to draft a viable strategy for tapping its vaunted shale resources.

In the latest setback, China’s Ministry of Land and Resources (MLR) confirmed to Interfax last week it would delay the licensing round until September.

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