Short-term investments in shale gas investments microscopic effective exit channels urgent need to establish

Hot shale gas investments attracted many non-energy sector enterprises have been involved in shale gas blocks tender , hoping to enter the field of energy . However, according to insiders , China's shale gas investment to 2021-2030 before realization of benefits . Since the state on shale gas mining right transfer channels has not been established , shale gas  easily invest several hundred million dollars for exploration blocks , and ultimately how to achieve transfer and continue investing , the policy has yet to be perfected.
"Twelve Five" goal difficult to complete

" The reason why hot shale gas in China , because many enterprises to the field of energy resource development as breaking the monopoly in the energy sector an important opportunity for the Nuggets ." One engaged in shale gas development said . However, in the seemingly popular block bidding behind many of the industry was not optimistic about shale gas investment in the short-term benefits , and even that shale gas "second five " development goals will come to nothing.

It is understood that , since 2009, the Ministry of Land , the local geological survey department , oil and gas companies and a total of 129 completed the drilling of shale gas through  Hydraulic fracturing  and tested over Wan Fang 23 Nissan , Nissan超过10 Articles 7 , test drilling 4 , 2012 the annual output of about 2,500 Articles.

2012 in some shale gas resource appraisal wells to achieve a commercial pilot production, and has basically mastered the key technology of shale gas development . According to statistics , as of the end of the first quarter of this year , China's shale gas exploration has invested more than 70 billion yuan, more than 80 port construction drilling , horizontal wells more than 20 ports, and in Sichuan, Chongqing and other places to get the high-yielding wells. 2012 natural gas pipeline network through the 15 million cubic meters of shale gas sales , total sales of 30 million cubic meters .

PetroChina said , from the current production perspective , shale gas resources to achieve the "Twelfth Five Year Plan" identified in the 2015 production of 6.5 billion cubic meters of shale gas difficult . The source believes that the development of shale gas resource of accurate knowledge also requires a process , and complete the formation of the mature development technology also take some time . In addition, the base pipe network, the consumer market , property market and so there is a process of cultivation , current mining economy is difficult to assess .

Urgent need to establish property rights transfer channels

Although shale gas development vision worth the wait, but industry experts believe that the recent focus should be on control over resources , form a perfect matching technology , culture consumption and property markets, and should not rush to promote industrialization , but also need 5-10 years to realize large-scale industrialization of shale gas development .

"The current state only the tender is not perfect, if there is no exit channels , investors will have concerns ." PetroChina believes that shale gas resources in the formation process,frac sand if the enterprises are unwilling to subsequent exploitation , there should be an appropriate exit channel , namely the establishment of a sound shale gas mineral rights transfer market, so that the smooth continuation investment in order for enterprises to eliminate worries.

From the previous two shale gas tender results, the state-owned enterprises are the winning absolute main . Including coal power companies and energy investments directly under local or geological systems Enterprise swept the second tender bid for 19 blocks of 17 , obtained three exploration ; participate in the tender during the initial 83 companies, accounting for up to private enterprise 1/ 3 , but only two bid. ASIACHEM that kicked off this year is expected in the third round of shale gas exploration tender will continue to be state-owned enterprises.