China eyes third shale gas auction at year end

China may hold a third round of shale gas auction by as early as the end of the year and plans to encourage more participation from small-and-medium enterprises, the Shanghai Securities News reported on Friday.

China, believed to hold the world’s largest resource of shale gas, hopes to replicate the production boom seen in the United States but faces huge technological and environmental challenges due to more complex geology and scarcity of water.

via Business feed http://www.scmp.com/business/china-business/article/1255426/china-eyes-third-shale-gas-auction-year-end