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16 Companies Win Bids to Prospect for Shale Gas
16 Companies Win Bids to Prospect for Shale Gas
Firms expected to invest nearly 13 billion yuan over three years, resources ministry says
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(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.
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