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China is about to auction its first leases as it seeks to tap into what is estimated to be the...
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Wednesday, April 20, 2011, 1:37 PM ETChina is about to auction its first leases as it seeks to tap into what is estimated to be the largest shale gas reserves on the planet. Deals between CNOOC (CEO) and Chesapeake (CHK), as well as Petrochina (PTR) and Encana (ECA) have allowed China to rapidly learn the necessary technology for shale gas extraction.
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This news story has 8 comments:
bad news for LNG projects - everywhere
not great news for Uranium suppliers
alternative energy will also take a hit
if they find large reserves of Nat gas they will exploit their own resource to the max.
E
We were given notice re: OIL in 1973, we turned our Christmas lights off for one President..He asked us to.. Yep that's our Plan..
America is not united.. imho..
Thanks.. SA.. i have learned a lot from this site..