Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Monday, December 31, 2012

US Companies Poised to Launch Chinese Shale Boom

US Companies Poised to Launch Chinese Shale Boom

US-based ConocoPhillips has cut a deal with China’s Sinopec to jointly study shale gas development in China, where the US company’s hydraulic fracturing is in high demand. Last week, China’s Sinopec Group announced that ConocoPhillips (COP) would jump on board in the Sichuan Basin in a two-year deal to conduct exploration research and develop shale gas production. The Sichuan Basin is believed to contain vast amounts of deeply embedded shale gas, and Beijing is on the fast track to boost its shale gas and tight natural gas reserves…Read more...http://oilprice.com/Energy/Natural-Gas/US-Companies-Poised-to-Launch-Chinese-Shale-Boom.html

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