Caixin OnlineBusiness & IndustryTop Stories Industry 16 Companies Win Bids to Prospect for Shale Gas
01.22.2013 17:27

16 Companies Win Bids to Prospect for Shale Gas

Firms expected to invest nearly 13 billion yuan over three years, resources ministry says
By staff reporter Wang Xiaocong

(Beijing) – Sixteen companies won the right to prospect 19 shale gas blocks in a second round of bidding, the Ministry of Land and Resources said on January 21.

Fourteen of the firms are state-owned and two are private.

The companies are to invest a combined 12.8 billion yuan to explore the shale gas blocks over a three-year period that starts this year, the companies' bid documents show.

We hope you have enjoyed your free articles for the month
REGISTER to get 5 more free articles, or SUBSCRIBE to get full access to Caixin
Already a subscriber? Log in now
Sign up to receive our free daily newsletter