China’s fracking future: challenges ahead
Published: Monday, 25 March 2013
As Chinese thirst for energy continues unabated, its shale oil and gas potential, liberated by hydraulic fracturing (fracking), would appear to be the ideal solution. But, as Vasili Nicoletopoulos asks, how will it overcome numerous legislative, political and environmental concerns?
China is already the worlds largest energy consumer and
that thirst for power is only going to continue to grow.
Energy consumption increased by
136% between 2001 and 2011, driven by average growth in GDP of
10.5%/year between 2007 and 2011.