Deloitte Oil and Gas Spotlight Quarterly - 2013 Q4

China shale gas sector has the potential to offer unprecedented growth opportunities for equipment manufacturers and service providers, who in many ways hold the keys to the successful and efficient development of these resources anywhere in the world, and especially in China. Co-opetition between major MNCs and local companies might be the end-game balancing the need for creative alliances in China and the threat of new competition in other markets. For example, China Oil & Gas equipment sector developments might create opportunities in the U.S. for IOCs willing to reduce cost for their shale business by switching to cheaper Asian suppliers.