DIRITTO COMUNITARIO E DEGLI SCAMBI INTERNAZIONALI, 1-2/2015, pp. 29-83
59 Pages Posted: 30 Sep 2015 Last revised: 23 Jan 2016
Date Written: September 25, 2015
Italian Abstract:: Sommario: 1. Introduzione - 2. Lo sviluppo dell’industria della produzione e della commercializzazione dello shale gas in Cina: accordi per l’esplorazione e lo sfruttamento - 3. La cornice istituzionale, amministrativa e normativa cinese - 4. Problematiche ambientali, gestione delle risorse idriche ed esigenze di sviluppo e crescita economica - 5. Analisi comparatistica con la pregressa esperienza degli Stati Uniti d’America: un modello di riferimento per lo sviluppo dell’industria del gas non convenzionale? - 6. Conclusioni: il futuro dello shale gas in Cina tra interventi normativi e nuovi equilibri geopolitici.
English Abstract: Shale gas has been defined as a revolution in the global energy landscape. This is even more true in China, whose large shale gas reserves are likely to have a crucial effect on the regional gas market and on China’s energy mix. The country is endeavoring to minimize reliance on imported fossil fuels, while it strives to address mounting energy demand and gain greater negotiating power on determining gas prices. Nonetheless, this advance does not come without risks, as shale gas exploitation poses a number of legal, regulatory and environmental challenges, which could negatively impact on future exploitation and commercialization, not only in China.
This study carries out an in-depth analysis of the current shale gas regulatory framework, moving from previous experiences of unconventional gas exploitation in the United States to evaluating their possible application to China, where regulatory and enforcement hurdles are exacerbated by an energy sector characterized by technological deficiencies, barriers to market access hindering access to resource extraction for private investors, and a limited liberalization of gas prices.
These questions are analyzed in light of problems related to water pollution originating from mismanaged drilling and fracturing, and the absence of adequate regulatory measures and industry standards regarding predictive evaluation.
The paper goes on to explore the institutional situation of fragmentation, and clashes and overlapping of competences, emphasizing how these processes impact on outcomes. The study concludes by proposing possible ways forward, involving cooperation and regulatory reforms.
Notes: Downloadable document is in Italian.
Keywords: Shale gas, Water, Energy, China, United States, International Trade, International and Comparative Law, Natural Resources, Sustainable Development, Health, Environment
JEL Classification: K33, K32, K23, K22, F02, F13, F15, D62, D73, D78, I18, H23, H41, Q25, Q42, Q43, Q48, Q32, Q38
Suggested Citation: Suggested Citation
Farah, Paolo Davide and Tremolada, Riccardo, Regolazione e prospettive del mercato dello shale gas in Cina: tra diritto del commercio internazionale, diritto dell'energia, accordi di produzione, protezione ambientale e sviluppo sostenibile: un confronto con l’esperienza statunitense (Regulation and Prospects of the Shale Gas Market in China in Light of International Trade, Energy Law, Production-Sharing Agreements, Environmental Protection and Sustainable Development: A Comparison with the US Experience) (September 25, 2015). DIRITTO COMUNITARIO E DEGLI SCAMBI INTERNAZIONALI, 1-2/2015, pp. 29-83. Available at SSRN: https://ssrn.com/abstract=2666216