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Thursday, December 13, 2012

Waterless fracking - and US companies - seen as keys to China shalegas development

The successful development of China's apparently massive shale gas reserves - the world's largest and 50% larger than the U.S.’s reserves - may depend on finding a way to perform fracking without water

According to this report, the world's most populous country and the world's largest energy consumer will only be able to develop the vast reserves in the arid north of China by either finding "some way to frack waterlessly or utilize a source of water that has yet to be identified."

The article also points out that almost all fracking technology and experience is owned by U.S. companies.  The China shale gas challenge presents an immense business opportunity and another imperative that can - and must - propel the shale gas industry toward developing new technologies that eliminate the use of water and chemicals in fracking, and many of the environmental and health risks along with them.  

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