Total SA is preparing to sign an agreement, possibly within days, with a Chinese partner to explore for shale gas in the Asian country.
“We are in very advanced talks with a big Chinese company for shale gas,” Yves-Louis Darricarrere, head of exploration and production at Total, Europe’s third-biggest energy company, said yesterday in an interview. “I hope we can announce something very shortly.” Darricarrere declined to identify the partner.
An accord would follow a memorandum of understanding signed with China Petroleum & Chemical Corp., known as Sinopec, last year. Darricarrere described the nature of that deal at the time as being intended for “technical studies.”
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Tara Patel and James Paton, Bloomberg News via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/fwzQxJUVnb0/
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