Shell to invest $1bn in China’s shale gas

Royal Dutch Shell plans to invest around $1billion (£633million) a year in China’s shale gas resources, according to reports. The move is part of its strategy to expand in the […]

Register now!

By Priyanka Shrestha

Royal Dutch Shell plans to invest around $1billion (£633million) a year in China’s shale gas resources, according to reports.

The move is part of its strategy to expand in the world’s biggest energy market, with reports claiming China is estimated to hold the world’s largest reserves of unconventional gas.

Earlier this year, the firm secured China’s first product sharing contract for shale gas, with the hope of replicating America’s success with shale gas in an Asian market.

Shell is also aiming to build a $12.6billion refinery in eastern China.