China to stick with Middle East oil despite world’s largest shale reserves | The National

China to stick with Middle East oil despite world’s largest shale reserves | The National:

"Shale gas will not free China from Middle East oil imports, an investment vehicle of the Kuwaiti government said.

The world’s top fuel consumer is home to what is believed to be the world’s richest reserves of shale gas – 19 per cent of the global total, compared to the United States’ 13 per cent. But China’s efforts to play on its geological advantage to lessen its dependence on fuel imports will be hampered by limited expertise and water supply, one of the key ingredients of the mixture of sand and chemicals pumped into the ground to fracture shale formations."

'via Blog this'