Royal Dutch Shell (RDS.A, RDS.B) says it received approval from the Chinese government for its...

|About: Royal Dutch Shell plc (RDS.A)|By:, SA News Editor

Royal Dutch Shell (RDS.A, RDS.B) says it received approval from the Chinese government for its first shale gas production-sharing contract in China. Shell plans to spend $1B exploring, developing and producing shale gas with partner China National Petroleum in the Fushun-Yongchuan block in the Sichuan basin.