Energy sector growth vital for further economic development

The rapid rise of energy consumption in China has led to legislative reforms aimed at attracting foreign investment in energy development. For offshore and onshore operations, the government offers foreign investment contracts assuring protection, production-sharing, revenue-sharing, proper bidding procedures, license grants and exclusive rights over pre-identified blocks. These regulations favoring foreign investors indicate the critical role of overseas capital in China's economic growth.
Legal and fiscal reforms are enticing foreign investment in the energy sector. But the lack of infrastructure for gas and oil supply and bottlenecks in coal transport mean that China [...]