THE WALL STREET JOURNAL: Shell to Develop Chinese Gas Field With PetroChina
By MATT POTTINGER
Staff Reporter of THE WALL STREET JOURNAL
May 18, 2005; Page B2
BEIJING — Royal Dutch/Shell Group made a final decision to pour $600 million into developing an onshore gas field in China with PetroChina Co., representing a major foreign investment in the country’s natural-gas sector.
The long-planned project between the Anglo-Dutch energy titan and China’s largest oil company involves producing natural gas from the Changbei field in northwest China for sale to provinces and cities to the east, said Shell’s executive director of gas and power, Linda Cook, in an interview in Beijing.