China revives interest in tight gas subsidy
China may turn to subsidies to unlock even more output from its massive tight gas reserves, as Beijing looks to boost domestic gas production to meet soaring demand China may turn to subsidies to unlock even more output from its massive tight gas reserves, as Beijing looks to boost domestic gas production to meet soaring demand.
21 February 2018
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Drilling for tight gas in Changbei, China. (Shell)
The Chinese government is again flirting with the idea of a production subsidy for tight gas, as it hopes to increase gas output to meet burgeoning demand. However, industry insiders say there is little need for a subsidy because large volumes of the gas are already being extracted.
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