China is looking to attract investments in shale gas developments by easing restrictions on foreign entities and subsidizing costs in a bid to boost its natural gas production while its demand continues to grow. China has shale gas reserves but the geology to extract those resources is challenging, so it is not clear if the incentives will attract major international oil companies, Argus reports. The province of Guizhou has recently offered six exploration blocks for shale gas reserves, but the bids were much lower than those offered in…
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