SINGAPORE, May 4 (Reuters) – Natural gas will account for half of Royal Dutch Shell’s (RDSa.L: Quote, Profile, Research) global upstream production by 2012, Chief Executive Peter Voser said on Tuesday.
“We are working with partners around the region to tap its resources and meet the energy needs of Asia,” he said.
“Shell and PetroChina are also working together on projects to try and develop tight gas and shale gas reservoirs in Sichuan,” he said in a speech at the opening of the petrochemical complex in Singapore.
Shell and China National Petroleum Corp (CNPC), parent of PetroChina (601857.SS: Quote, Profile, Research) signed agreements for LNG supply from the Gorgon project in Australia and has just received approval from the Australian government to buy Arrow Energy (AOE.AX: Quote, Profile, Research), Voser said.
(Reporting by Florence Tan and Seng Li Peng ; Editing by Ramthan Hussain)
� Thomson Reuters 2010 All rights reserved
EBOOK TITLE: “SIR HENRI DETERDING AND THE NAZI HISTORY OF ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON
EBOOK TITLE: “JOHN DONOVAN, SHELL’S NIGHTMARE: MY EPIC FEUD WITH THE UNSCRUPULOUS OIL GIANT ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON.
EBOOK TITLE: “TOXIC FACTS ABOUT SHELL REMOVED FROM WIKIPEDIA: HOW SHELL BECAME THE MOST HATED BRAND IN THE WORLD” – AVAILABLE ON AMAZON.
