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

Posted by Washington Post: Juliet Eilperin on March 26th, 2013
Bloomberg: Royal Dutch Shell Plc (RDSA) will spend $1 billion developing China’s shale gas reserves, according to Peter Voser, the company’s chief executive. Shell has won government approval for its production sharing contract with China National Petroleum Corp., the nation’s biggest oil and gas company, Voser said in an interview in Beijing today. He didn’t 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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