On the 18th of this month, the "2013 International Shale Gas Conference," organized by the China Mining Association, took place in Beijing. This event marked a significant step forward in China's shale gas development strategy, with 16 successful bidders from the second round of shale gas exploration rights bidding in attendance. Among them is the Yellow River Cyclone, a company primarily focused on super-hard alloy materials, which is expected to participate as a material supplier. The growing interest in shale gas exploration presents substantial business opportunities for companies involved in related industries.
Following the conference, another major event—the "2013 China International Shale Gas Exploration and Development and Market Summit Forum"—is set to be held in Chongqing on March 26. Industry experts anticipate that this forum will attract a wide range of participants, including drilling technology companies, which are expected to make up around 20% of the attendees. As China continues to advance its shale gas initiatives, companies like Huanghe Cyclone, Sifangda, and Yu Diamond—specializing in drill bits and bit alloy materials—are poised to benefit significantly from the expanding market. With increasing investment and technological progress, the shale gas sector is expected to play a key role in shaping China’s energy future.
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