Caixin OnlineBusiness & IndustryTop Stories Industry Foreign, Domestic Firms Show Interest in Newest Round of Shale Gas Bidding
09.19.2012 15:46

Foreign, Domestic Firms Show Interest in Newest Round of Shale Gas Bidding

China's largest private oil company and Royal Dutch Shell are among the companies already eyeing involvement
By staff reporter Wang Xiaocong
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(Beijing) – Domestic and foreign companies say they are interested in public bidding for shale gas exploration rights in China.

On September 10, the Ministry of Land and Resources said it was lowering the threshold for bidders in the sector. This is the first time that the Chinese government has allowed both private companies and joint-venture firms to access upstream rights in the oil and gas industry.

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