Tuesday, December 25, 2012

Sinopec to research China shale gas development with ConocoPhillips

Reuters: China's Sinopec Group and ConocoPhillips will research potentially vast reserves of shale gas in southwestern China over the next two years, state news agency Xinhua reported on Tuesday. Houston-based ConocoPhillips' will be a new entrant into a the sector in the world's top energy user, which is believed to hold the world's largest reserves of the gas. Shale gas is trapped in rocks and requires a technology called hydraulic fracturing, or fracking, to unleash. The Sinopec Exploration Southern...

URL: http://www.reuters.com/article/2012/12/25/china-sinopec-conocophillips-idUSL4N09Z1IQ20121225

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