china to speed up shale gas development, page-4

I agree with you. Nothing to worry.

EXE announced it would begin drilling in May. NDRC approval was the very hard bit. The other 2 Chinese depts (Ministry of Commerce) is more just more red tape that shouldn't be difficult to pass. NDRC oversees China's macroeconomic plans and approves its domestic companies oversea's investment (similar to our FIRB by the other way around, ours is foreign investment into the country for national interest).

With CNOOC funds and technical expertise, our drilling projects coming would see a major boast.