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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Dennis Roth who wrote (165990)	7/12/2012 2:00:38 PM
From: Dennis Roth	1 Recommendation Respond to of 206177

CNPC, Sichuan to Establish Joint Venture for Shale Gas -Report Published July 12, 2012 Dow Jones Newswires foxbusiness.com China National Petroleum Corp., the country's largest energy producer, has signed an agreement with the government of Sichuan province to set up a joint venture to develop shale gas, the state-run Sichuan Daily reported Thursday, without citing sources. Several private companies will own stakes in the joint venture, marking the first time private capital is allowed to invest in shale-gas development, it said, without elaborating. So far, CNPC has discovered shale gas in seven wells in Sichuan. CNPC and Royal Dutch Shell PLC (RDSB) are already jointly looking for shale gas in China under a production-sharing contract signed in March. Sichuan is expected to produce 2 billion cubic meters of shale gas a year by 2015, the newspaper said. Newspaper website: www.scdaily.cn Write to Sarah Chen at Sarah.Chen@dowjones.com