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Shell Plans to Spend $1 Billion on China Shale Gas Development

2013-03-26 02:25:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: Royal Dutch Shell Plc (RDSA) will spend $1 billion developing Chinas shale gas reserves, according to Peter Voser, the companys chief executive. Shell has won government approval for its production sharing contract with China National Petroleum Corp., the nations biggest oil and gas company, Voser said in an interview in Beijing today. He didnt specify a timeline or other details for the $1 billion investment. China is working with overseas partners to introduce hydraulic fracturing, the...

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