China extends resource tax concession on shale gas to end-2027
China will extend a resource tax concession for shale gas development to end-2027 to help boost domestic natural gas supplies, according to a joint statement from the Ministry of Finance and the State Administration of Taxation on Wednesday. The government will continue a 30% concession to the 6% resource tax for developing shale gas, the ministries said, extending a policy that began in 2018. China, the world’s top energy consumer and the largest greenhouse gases emitter, is looking to boost the use of natural gas as a key bridge fuel ...
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