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A worker checks valves at a Sinopec natural gas appraisal well in Langzhong county, in China’s Sichuan province.
A worker checks valves at a Sinopec natural gas appraisal well in Langzhong county, in China’s Sichuan province.
(REUTERS)

Chinese shale gas is no place for short-term investors

China’s major state-controlled energy producers say they will surpass an ambitious government forecast for shale gas output in 2015. The projections of rapid expansion run counter to industry views that most of the growth will remain anchored in North America over the next few years because of much easier accessibility, lower costs and a big lead in technology and infrastructure.