Total (TOT) has a pre-agreement with Sinopec (SNP) to jointly explore for shale gas in China,...

|By:, SA News Editor

Total (TOT) has a pre-agreement with Sinopec (SNP) to jointly explore for shale gas in China, CEO Christophe de Margerie says. China could prove a huge opportunity, as the government hopes shale gas production will soar from almost zero to 60B-100B cubic meters annually by 2020, although the increased output could also further depress prices.