Shell Plans to Invest USD 1 Bln Annually in Chinese Shale Gas
To exploit China’s vast shale gas reserves, Royal Dutch Shell considers investing at least $1 billion a year, according to Reuters.
Shell won China’s first PSC contract for shale gas in March.
Lim Haw Kuang, top China executive of Shell, when asked if the company is still planning the $1 billion a year investment, said: “Yes, yes and yes.”
It is estimated that China holds the largest reserves of the unconventional gas in the world.
LNG World News Staff, August 22, 2012