China is about to auction its first leases as it seeks to tap into what is estimated to be the...

|By:, SA News Editor

China 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.