by CNN Money, May 21, 2017 in GWPF

The fuel-hungry country has been pursuing the energy source, located at the bottom of oceans and in polar regions, for nearly two decades. China’s minister of land and resources, Jiang Daming, said Thursday that the successful collection of the frozen fuel was “a major breakthrough that may lead to a global energy revolution,” according to state media.

Experts agree that flammable ice could be a game changer for the energy industry, similar to the U.S. shale boom. But they caution that big barriers — both technological and environmental — need to be cleared to build an industry around the frozen fuel, which is also known as gas hydrate.