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To: Dennis Roth who wrote (175951)1/21/2013 8:50:11 AM
From: Dennis Roth1 Recommendation  Respond to of 206178
 
Shale gas license winners plan to invest 12.8b yuan
By Richard Fu 2013-1-21
shanghaidaily.com

WINNERS of China's second shale gas licensing round plan to invest 12.8 billion yuan (US$2.06 billion) in 19 blocks over the next three years, according to results announced today...

...China aims to produce 6.5 billion cubic meters of shale gas annually by 2015 and 60 to 100 billion cubic meters by 2020, according to official targets. It has yet to produce shale gas commercially.