Columbia University's Center on Global Energy Policy released a report on Tuesday summarizing the highlights of the day-long conference on China's shale gas development, which took place atPeking University's Law School last month. The conference featured high-profile participants including David Schizer, Columbia Law School Dean; Jason Bordoff, director of the Center on Global Energy Policy at Columbia School; David Sandalow, former acting undersecretary of energy at the US Department of Energy; as well as industry experts, scholars and Chinese government officials. "China has tremendous potential for shale gas development. Production to date has been modest, but the government has ambitious goals," Sandalow told China Daily. "In the US, de-regulated prices, a competitive industrial structure, easily transferable mineral rights and a large pipeline network all contributed to the shale gas revolution. There are many opportunities for Chinese and US companies to benefit by working together on shale gas," he added.