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The Significance of Shale Gas Development in China

China is facing a severe situation of energy resources. High oil dependency is seriously threatening our economy’s fast and stable development. The US has successfully achieved the commercial development of shale gas, which has decreased its oil dependency, and also contributed to its natural gas geology and petroleum engineering technology development. Both Chinese and U.S. geological experts predict that China has similar quantities of shale gas reserves as founded in the United States. This paper aims to clarify that producing shale gas resources has economic significance of energy security and environment protection, and scientific significance of promoting the further development of natural gas geology and petroleum engineering subjects.