China to develop two new shale gas fields

China plans to develop two new shale gas fields in the southern part of the country and open tenders for more oil and natural gas exploration blocks, according to Reuters. Government officials said China plans to start commercial production of shale gas in the city of Anye in Guizhou province and Yichang in Hubei province. Reuters also notes that China's efforts to “unlock its potentially massive shale gas resources have been stymied by the cost of drilling and geological complexity, with only a handful of discoveries now in commercial operations.” For more, read the full story.