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Incentives to exploit shale gas considered
Source: Xinhua |
September 28, 2012, Friday
|
Print Edition
Print Edition
CHINA'S natural resource watchdog is considering preferential fiscal and tax policies to spur the country's shale gas exploitation as part of efforts to optimize the energy consumption structure.
Authorities are thinking about favorable policies including subsidies and tax breaks for the sector to support its development, said an official with the Ministry of Land and Resources.
Shale gas exploitation has been gathering steam in China as the nation looks for cleaner energy to cut its carbon emissions and fuel economic growth.
China's second shale gas licensing round, which will he held in late October, has elicited interest from over 100 domestic companies, including Sinopec and PetroChina, the two largest oil producers.
A ministry statement in early September showed that the nation will offer 20 shale gas blocks in the upcoming auction.
Authorities are thinking about favorable policies including subsidies and tax breaks for the sector to support its development, said an official with the Ministry of Land and Resources.
Shale gas exploitation has been gathering steam in China as the nation looks for cleaner energy to cut its carbon emissions and fuel economic growth.
China's second shale gas licensing round, which will he held in late October, has elicited interest from over 100 domestic companies, including Sinopec and PetroChina, the two largest oil producers.
A ministry statement in early September showed that the nation will offer 20 shale gas blocks in the upcoming auction.
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