Countdown Deal shale gas industry

China United Coalbed Methane Co., Ltd. Liang-29 policy director at the fourth meeting of unconventional oil and gas sources,ceramic proppant the National Energy Board is formulating policies on shale gas industry is expected to be introduced shortly. The policy is expected to give shale gas industry-related "to encourage investment recovery and accelerated depreciation policy as soon as possible" and other substantive support measures.

"All the policy is expected to have a statement of government support for the development of shale gas attitude is very clear, which is the beginning of the development of other energy industry has never happened before." Sinopec unconventional energy support package of books King, vice president, told reporters that page shale gas exploration and development in China in the ascendant, give policy support to accelerate the development of the industry is very favorable. As energy giant, Sinopec has also been developed shale gas development related planning.

Earlier, the National Energy Administration have revealed that shale gas industry policy will follow the " shale gas  development plan (2011-2015)," the general idea, to promote the introduction of a number of shale gas industry, market-oriented development of specific provisions.

Li Liang told reporters that the National Energy Board in conjunction with the relevant departments to develop a "shale gas industry policy" has been basically completed formulation, is seeking the views of all parties, is expected in the near future. Draft proposed that encourage investment diversification, such as allowing the joint venture holds mineral rights, international cooperation could be explored other than production sharing model; shale gas exploration and development priority land use approval, demonstration projects to simplify investment procedures; shale gas exploitation accelerated depreciation and other fiscal policy will be supported.

"Which is expected to 'encourage investment recovery and accelerated depreciation policy as soon as possible' is a substantive positive, the intensity with 0.4 yuan per cubic meter comparable financial subsidies, which would reduce the corporate income tax payable, enhance competition and future financing ability." Lee Liang said.

This year, the shale gas exploration and development has been the focus of attention of the capital market.Hydraulic fracturing MLR official recently said that the second round of shale gas tenders selection work has ended, the results will be announced soon. It is reported that the result will be a successful enterprise public notice period, will carry out the exploration work.