Sinopec to research China shale gas development with ConocoPhillips

Posted by Washington Post: Juliet Eilperin on December 25th, 2012
Reuters: China's Sinopec Group and ConocoPhillips will research potentially vast reserves of shale gas in southwestern China over the next two years, state news agency Xinhua reported on Tuesday. Houston-based ConocoPhillips' will be a new entrant into a the sector in the world's top energy user, which is believed to hold the world's largest reserves of the gas. Shale gas is trapped in rocks and requires a technology called hydraulic fracturing, or fracking, to unleash. The Sinopec Exploration Southern......

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