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Shell, CNPC to jointly seek shale gas in Sichuan Basin

Screen Shot 2014-02-10 at 16.29.29Extracts from a China Daily article published 26 March 2014 by Ecns.cn

Energy conglomerate Royal Dutch Shell Plc is committing to a “substantial investment” in exploring for conventional and unconventional gas in China to quench the growing thirst for clean energy in the world’s second-largest economy. The company will continue its exploration of shale gas in the Sichuan Basin, where it landed the first contract with State-owned oil giant China National Petroleum Corp, Huibert Vigeveno, executive chairman of Shell in China, said on Tuesday. Shell also is making inroads into downstream business segments. It opened a lubricant technical center in Shanghai on Tuesday, the biggest such hub in the Asia Pacific and an integral part of its global research and development network.

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