Mongolia shale-gas development on 'slow track' - MarketWatch: "BEIJING--The development of the shale gas industry in resource-rich Mongolia has been hampered by the lack of a clear regulatory jurisdiction over the sector, a Ulan Bator-based senior attorney with global law firm Hogan Lovells said Friday.
Mongolia has seen a recent mining boom led by coal, gold and copper, but shale gas--a natural gas trapped in a type of rock called shale--has yet to fully emerge as a viable investment, although deposits have been identified in the landlocked country.
Apart from the global economic slowdown that has weighed on mining commodities, the lack of policy attention to the sector in Ulan Bator has left shale gas development on the "slow track," Michael Aldrich, a Hogan Lovells partner who previously advised corporate clients on the country's landmark Tavan Tolgoi coal project, told Dow Jones Newswires."
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