David Elton, in an interview with reporters, said BP has and some Chinese companies to negotiate, but the development of shale gas in China is still in its infancy, there are many uncertainties, you need to geological storage of shale gasconduct more in-depth understanding and research.
 
With the development of shale gas is put on the agenda at the policy level, to accelerate development of shale gas in China. Insiders pointed out that the commercial development of shale gas are two major difficulties: First, compared with North America, China shale gas formation, enrichment, storage conditions have some differences, shall establish a suitable for China's shale gas geological characteristics of the evaluation criteria and technical methods. Shale oil and gas exploration and development in China's major foreign technology, tools, materials, and equipment, there are technical barriers and high costs.

David Elton pointed out that, compared with the United States, the commercial development of shale gas success depends on four factors. The geological structure of the first shale gas reserves in China, unlike the United States, whether in mining technology breakthrough, the resources into production, which is the industry concern. Second, whether the established industrial infrastructure required by the development of shale gas transport capacity. Third, we favor shale gas development and utilization of the price mechanism, including the possibility of establishing regulations and policies and mechanisms. Fourth, the ability to obtain adequate social identity, which involves the ability to get public support for environmental discussion about shale gas development.



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