20 June 2019

Shenhua links up with US firm in shale gas venture, paper says

China’s Shenhua Energy Co. Ltd., the world’s biggest coal producer, will team up with Energy Corp. of America to develop a shale gas project in Pennsylvania, China Daily reported Friday. Shenhua said it will spend US$90 million to set up a subsidiary for the new project, which includes 25 shale gas wells. The project is expected to produce 3.8 billion cubic meters of gas in its first 30 years of operation in what will be the first foreign shale gas venture for a Chinese coal company, the report said.

– Contact HKEJ at diges[email protected]



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