The low permeability of shale, in accretionary complexes and passive continental margins, influences pore pressure generation, and thus induces deformation and fault slip behavior. It is also key in hindering the ability to evaluate shale gas production. Gas is commonly used in measuring the permeability of shale and generally yields high values than that of liquids, due to slippage effect. Separation of the slippage effect from gas permeability is a critical task in the study of low‐permeability media. This study measured the gas permeability (Kg) of the Longmaxi shale parallel to bedding (L1P) and perpendicular to bedding (L1V) under different confining pressures (Cp) and pore pressures (Pp), while simultaneously measuring porosity for different values of Cp. Additionally, a new approach is proposed to define the effective stress coefficient and boundary condition for the Klinkenberg correction. The results show that the Kg of L1P is almost unaffected by the slippage effect, while, for L1V, the Klinkenberg correction is required. The Klinkenberg plot of L1V follows the quadratic model from the study by Ashrafi Moghadam and Chalaturnyk (2014, https://doi.org.10/1016/j.coal.2013.10.008), rather than the classic linear Klinkenberg equation. The results also show that, as the Cp increases and/or the Pp decreases, the contribution of the slippage effect to the L1V Kg increased from 20% to 86.5%. Finally, based on the Knudsen number (Kn), the flow regime of L1P changes from Darcy flow (Kn < 0.01) to slip flow (0.01 < Kn < 0.1), and that of L1V is slip flow.