Royal Dutch Shell PLC said Tuesday it has received approval from the Chinese government for the company’s first shale-gas production-sharing contract in China, a significant milestone as the country looks to tap potentially massive unconventional gas reserves and achieve ambitious shale-gas production targets.
Li Lusha, a spokeswoman for Shell, said the Chinese government has approved the Anglo-Dutch company’s plan to explore, develop and produce shale gas with partner China National Petroleum Corp. in the Fushun-Yongchuan block in the Sichuan Basin.
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Brian Spegele, Wall Street Journal via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/bb1mTC3VOdQ/
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