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Under pressure toward carbon emission reduction and air protection, China has accelerated energy restructuring by greatly improving the supply and consumption of natural gas in recent years. However, several issues with the sustainable development of the natural gas industry in China still need in-depth discussion. Therefore, based on the fundamental ideas of sustainable development, industrial development theories and features of the natural gas industry, a sustainable development theory is proposed in this thesis. The theory consists of five parts: resource, market, enterprise, technology and policy. The five parts, which unite for mutual connection and promotion, push the gas industry's development forward together. Furthermore, based on the theoretical structure, the Natural Gas Industry Sustainability Index in China is established and evaluated via the Principal Component Analysis (PCA) method. Finally, a conclusion is reached: that the sustainability of the natural gas industry in China kept rising from 2008 to 2013, mainly benefiting from increasing supply and demand, the enhancement of enterprise profits, technological innovation, policy support and the optimization and reformation of the gas market.

Abstract:The Chinese government has introduced numerous policies and development plans to boost its shale gas industry in recent years. However, China's shale gas exploration and development is still in the initial stage and has been confronted with many challenges. This paper systematically analyzes the current status of China's shale gas industry from five aspects for the first time-resource situation, exploration and development status, policy and planning situation, technology status and international cooperation-then respectively elaborates on the different obstacles of shale gas development in the short run and the medium and long term. We argue that short-term barriers to the Chinese shale gas industry mainly include objective factors, such as geological and surface conditions, shale gas proven reserves, technology innovation and environmental concerns, while some man-made obstacles (except for water scarcity) may restrict shale gas development in the medium and long term. In order to better tackle the short-term challenges, this paper proposes policy recommendations from five perspectives: strengthening the investigation and evaluation of China's shale gas resources; perfecting shale gas industry policy; establishing a national shale gas comprehensive experimental zone; enhancing scientific and technological research; and establishing a shale gas regulatory system with an emphasis on environmental protection and supervision.

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