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Topic - David Xu
Oil companies from China, Norway, Japan and other nations are investing billions of dollars in U.S. shale projects so they can learn how to extract oil and gas from bedrock and use those technologies to tap into the large and mostly undeveloped shale deposits outside the U.S.
"The lack of a national pricing structure is creating uncertainty among potential investors" in China's shale gas and has held up development, said Mr. Xu.
"China is a newcomer to the shale gas industry," said David Xu, an analyst at KPMG International. "Over time, it could become one of the world's largest producers"