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To: Dennis Roth who wrote (165698)3/19/2012 10:54:05 AM
From: Dennis Roth1 Recommendation  Read Replies (4) | Respond to of 206176
 
China targets 6.5 Bcm shale gas output by 2015 under five-year plan
Singapore (Platts)--16Mar2012/625 am EDT/1025 GMT
platts.com

China plans to produce 6.5 billion cubic meters (628,600 Mcf/day) of shale gas by 2015, the National Energy Administration said Friday at a press briefing, according to local media.

The figure is an official target set by the agency under a new development plan for shale gas during China's current five-year economic plan which ends in 2015.



To: Dennis Roth who wrote (165698)3/21/2012 4:59:49 PM
From: Dennis Roth1 Recommendation  Read Replies (1) | Respond to of 206176
 
Shell, CNPC ink first shale gas PSC in China for Fushun-Yongchuan block
Singapore (Platts)--21Mar2012/636 am EDT/1036 GMT
platts.com

Shell has signed a production sharing contract with China National Petroleum Corporation to develop the Fushun-Yongchuan shale gas block in Sichuan province, China, marking the first such agreement to be inked by a foreign company for a shale gas block in the country, Shell said late Tuesday.
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Shell, CNPC Sign China's First-Ever Shale Gas PSC
rigzone.com

Under the agreement, Shell will apply its "advanced technology, operational expertise and global experience" to jointly develop shale gas with state-controlled China National Petroleum Corp., the country's largest energy producer, over a 3,500-square-kilometer area in the Fushun-Yongchuan block in the Sichuan Basin, it said.