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Bloomberg reported that China will provide subsidies to shale-gas producers in an effort to support exploration and output.
Bloomberg reported that China will provide subsidies to shale-gas producers in an effort to support exploration.
As quoted in the market report:
The nation will offer 0.4 yuan (6.4 cents) a cubic meter for shale gas that is developed and consumed from 2012 to 2015, the Ministry of Finance said in a statement on its website today, without providing more details of the plan. The subsidy may be adjusted and local governments may provide additional funds, it said.