Date
19 September 2017

Shell to boost China gas investment amid high demand, paper says

China’s high demand for natural gas has spurred Royal Dutch Shell Plc. to beef up its investment in the country this year, defying the global trend of major oil and gas companies selling their upstream assets, China Business News reported Thursday. Shell is seeking more opportunities for cooperation in China to develop a more sustainable and cleaner energy system in the country and is looking for the right partners, Mark Gainsborough, executive vice president for global commercial business, was quoted as saying. According to data from the Economic and Technology Research Institute of China National Petroleum Corp., China imported 53 billion cubic meters of natural gas in 2013, up 25 percent from the previous year, while the National Energy Administration said natural gas consumption grew 13.9 percent, the report said.

– Contact HKEJ [email protected]

TL/AC/CG

 

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