Date
17 October 2017

Sichuan opens shale gas field to private capital, paper says

Sichuan will encourage more private capital to invest in shale gas exploration and production, National Business Daily reported Wednesday, citing Tang Limin, director of the province’s development and reform commission. The province will back plans by private companies to go into joint ventures with oil giants China National Petroleum Corp. and Sinopec Group to develop the resource, it said. Sichuan has around 27.5 trillion cubic meters of shale gas reserves, accounting for 21 percent of the country’s total, the report said.

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